Canadian Investor Buys Shreve, Crump & Low Jewelers
BOSTON (AP) _ A Canadian jeweler bought Shreve, Crump & Low, one of Boston’s oldest jewelry stores, saying Wednesday he has no plans to turn the traditional New England operation into a chain.
Barrie Birks, president of Tyringham Investments of Montreal, paid $5 million for the two Shreve stores in Boston and Chestnut Hill more than seven months after the company’s parent filed for bankruptcy.
Shreve President Kevin Jenness will remain in charge of the operation.
″In an age of pasteurized chain store shopping experiences it is one of the few stores left with a real personality,″ Birks said.
Birks, whose company also owns Schwarzschild Jewelers in Richmond, Va., bought 192-year-old Shreve from his brother’s Henry Birks Jewelers Inc. and Birks International Inc., which filed for Chapter 11 bankruptcy protection in April.
Initial plans call for improving communications with customers and boosting the stores’ stocks of distinctive and high quality jewelry.