377 Stores. $400M in Inventory.
A Landmark Jewelry Industry Liquidation.

The Engagement

Friedman's Inc., established in Savannah, Georgia in 1920 and headquartered in Addison, Texas, was the third-largest jewelry company in the United States before declaring bankruptcy in 2008. The liquidation of approximately $400 million in inventory was managed by a consulting group consisting of Hudson Capital Partners, Great American Group, and Silverman Jeweler Consultants — the same team that would go on to manage the Whitehall Jewelers liquidation shortly thereafter. The sale involved 377 Friedman's and Crescent store locations across 23 states and was expected to last approximately 10–12 weeks. Merchandise included women's and men's fine and fashion jewelry featuring diamonds, precious stones, gold, silver, and watches.

This engagement was led by Eaton Hudson founder James Schaye through Hudson Capital Partners, the predecessor firm whose institutional track record is now represented under the Eaton Hudson banner.

Scope of Work

• Complete inventory liquidation across 377 Friedman's and Crescent store locations
• 23 southeastern, southwestern, and midwestern states
• Diamonds, precious stones, gold, silver, fashion jewelry and watches
• Co-management with Great American Group and Silverman Jeweler Consultants

The Eaton Hudson Advantage

The Friedman's engagement was the first of two consecutive landmark jewelry chain liquidations managed by the same Hudson Capital Partners core team, immediately followed by the Whitehall Jewelers disposition. This back-to-back execution of the two largest jewelry chain liquidations in U.S. history — totaling over 750 store locations — established the institutional expertise in fine jewelry asset disposition that Eaton Hudson's Jewelry Advisory division carries forward today.