Finlay extends Bloomingdale's jewellery agreement

Fine jewellery retailer Finlay Enterprises has extended its agreement with the famous Bloomingdale's stores to 2010.

Under a new three-year deal, Finlay will open five more Bloomingdale's departments selling jewellery to add to the existing 30 departments being run by the firm.

Finlay Enterprises chairman and chief executive officer Arthur E. Reiner said he was delighted to extend the profitable partnership, adding there had been a healthy market for the goods.

"We are pleased that we will be continuing our partnership with Bloomingdale's, a leading retail brand with significant growth opportunities," he said.

"This agreement is a recognition of our strong performance in Bloomingdale's over the past six years and further demonstrates the strength of Finlay's core business model and the value we bring to our licensing partners."

Finlay's jewellery arm claims to be the largest licensed fine jewellery department store throughout the United States, with sales of $990.1 million in 2005.