Colibri Plans to Buy Princess Pride

May 7, 2004

Colibri Plans to Buy Princess Pride

The Colibri Group signed a letter of intent to purchase the operating assets of Princess Pride Creations/Donald Bruce & Co. Gary Solomon, president and owner of Princess Pride, will retain his position as president of the Princess Pride Division while taking on additional responsibility as executive vice president of The Colibri Group.

The Colibri Group, the Providence, R.I. jewelry manufacturer, acquired Krementz & Co. in 1997 and the Seth Thomas Clock Co. in 2001.

Princess Pride is known mainly for its expertise in locket-making. Colibri's current brands include Colibri, Krementz, Dolan Bullock and Seth Thomas.

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