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Magazine > Industry News > News Content
Court approves sale of Penny Preville
 
      7/16/2009 3:29:44 PM
Great Neck, N.Y.--Jewelry designer Penny Preville will continue on with a new parent company, thanks to the court-approved sale of the former company and all of its assets.

According to a release from JPPS Inc., on July 13, the U.S. Bankruptcy Court for the Eastern District of New York approved the sale of the business assets of JPPS--the manufacturing company that owns the license to the designer name and does business as Penny Preville--to NEI Fashions LLC, the initial bidder for the assets in this case.

JPPS Inc. had filed for Chapter 11 bankruptcy protection in November.

According to the release, under the terms of the sale, the designer Penny Preville and her husband, company president Jay Siskin, formed a new partnership and license agreement with NEI Fashions and its principal John Nansi.

Combined, they purchased the entire existing JPPS/Penny Preville inventory, including all memo goods and all other assets of the former company.

Current and future business, including sales, marketing and advertising, will be under the Penny Preville trademark, and leading retailers nationwide, including Neiman Marcus, London Jewelers and Lux Bond and Green, will continue to sell the brand, the release states.

In addition to the sale, Penny Preville has launched a new bridal collection including engagement rings, men's and women's wedding bands, and wedding-day jewelry.

The company has a new Web site at PennyPreville.com.
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JP Renaissance Enterprises Corporation, an active fashion and gift company that provides fashion accessories and jewelry. We expanded our branches in Asia and North America, now, we devote ourselves on globalization by deploying unique designs and concepts. Our designers put their efforts on introducing innovative ideas, integrating creative and trendy elements and developing new style, such as integrating the nature into our products. Our fashion accessories and jewelry are capable to give you a different fashion ideas, a different way to dress, and can surprise your friends, lover, parents, clients by sending them special gifts on holiday or in special events. The products are not only fashion symbols but also tools to communicate, for example, you can use our new fashion and gift guides as an interesting topic among girls, or share the experience of our online jewelry store or the latest shoes. hats and socks with your friends..


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Our online Fashion Magazine, on the other hand, presents information about top holiday gifts guides, hair styles, life style trends, potfolio fashion tips, what to wear on casual days, dressing tips, dressing guides or general fashion tips for women and for men, bags and hair accessories industry news, product kownledge about sterling silver crown pendant necklace, urban fashions and hip hop pendants, fashion shows...

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