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{{Short description|Jewelry store based in Omaha, Nebraska}}
''Borsheims Fine Jewelry'' is a ] store in ]. The store was founded in 1870, and has grown to become one of the largest independent jewelry stores in the nation.
{{refimprove|date=May 2017}}


{{Infobox company
| name = Borsheims
| logo = Borsheims Logo.png
| type = ]
| founder = Louis Borsheim
| foundation = {{Start date and age|1870}} in ], ]
| location_city = ]
| location_country = ]
| locations =
| area_served = ]
| key_people = Karen Goracke<br>(] and ])
| industry = ]
| products = {{Unbulleted list|]|]|]}}
| owner =
⚫ | parent = ]
| homepage = {{URL|www.borsheims.com}}
| footnotes =
}}


'''Borsheims''' ({{IPAc-en|ˈ|b|ɔər|ʃ|aɪ|m|z}} {{respell|BOR|shymze}}) is a luxury ] store that sells fine jewelry, timepieces, engagement rings and home decór in ]. In 1870, Norwegian immigrant and silversmith Louis Borsheims founded his independent jewelry business that would later become known as Borsheims. The luxury jewelry retailer began as Brown and Borsheim. In 1907, Louis A. Borsheim sold his interests in Brown and Borsheim, thus began the Omaha staple, Borsheims. The business was sold to Louis Friedman and Simon Gorelick in 1947. In 1950, Louis bought out his brother in law, Simon Gorelick and his son Ike joined the business, who both retained the Borsheims name. In 1980, Ike Friedman bought out his father, Louis. Ike's son Alan and son in law joined the business. In 1985, his other son in law, Donald Yale joined the business.<ref></ref> His two daughters, Janis Yale and Susie Cohn also worked in the business.<ref></ref>
The Beginning


In 1986, Borsheims moved to the Regency Court Mall. In 1989, investor ] purchased a majority of Borsheims stock, making it part of his holding company, ].<ref></ref><ref></ref> It was the first of Berkshire Hathaway’s jewelry companies and the business is still part of its portfolio, being also featured in Buffett's letters to shareholders and used for its annual shareholder meeting in ].<ref></ref><ref></ref><ref>, Couture International Jeweler, November 2002 issue</ref><ref>, By Rogers Worthington, Chicago Tribune, Apr 02, 1989 at 12:00 am</ref> Donald Yale stayed CEO until 1994, and when he retired, Buffett offered Susan Jacques the job of running the business.<ref></ref> Ike Friedman died in 1991 and Donald Yale was named President and CEO. Alan Friedman left the business. Donald Yale served in that post until he retired in 1994. Susan Jacques was named his successor.
When Louis Borsheim opened his small jewelry store in downtown Omaha in 1870, he could only imagine the notoriety it would achieve in the years to come. After serving the expanding Omaha community for decades, the business was sold to Louis Friedman and his son Ike in 1947. While the two retained the Borsheims
name, they ushered in a new era of success for the jewelry store.
Ike, a dynamic businessman, developed a business philosophy for Borsheims that still guides the company today – offer an extensive inventory selection and a friendly style of customer service, at the lowest possible price.


Borsheims is now led by Karen Goracke, who became Borsheims president and CEO in 2013.<ref>{{cite news | first = Janice | last = Podsada | title = Warren Buffett's pick for Borsheims CEO took six-year break on rise to the top | date = 2013-10-08 | publisher = The Omaha World Herald | url = http://www.omaha.com/article/20131007/MONEY/131008993/1697 | archive-url = https://archive.today/20140226215931/http://www.omaha.com/article/20131007/MONEY/131008993/1697 | url-status = dead | archive-date = 2014-02-26 | work = Omaha.com | access-date = 2014-02-26 }}</ref> The store maintains an inventory that includes more than 50,000 pieces of jewelry and watches.<ref>{{Cite web |url=http://www.omahamagazine.com/tag/borsheims/ |title=Borsheims &#124; Omaha Magazine |access-date=2013-10-14 |archive-url=https://web.archive.org/web/20140308023947/http://omahamagazine.com/tag/borsheims/ |archive-date=2014-03-08 |url-status=dead }}</ref>


It has been the location of Berkshire shareholder-only events held in association with its annual general meeting.<ref>{{cite web|last1=Buffett|first1=Warren|title=Berkshire Hathaway Inc. Annual Report 2016|url=http://www.berkshirehathaway.com/2016ar/2016ar.pdf|publisher=Berkshire Hathaway|access-date=26 February 2017|page=27}}</ref>
Rapid Expansion


==References==
It was an approach that served Ike well. By 1986, Borsheims had outgrown its 8,000 square feet facility downtown and moved to the anchor position in Regency Court Mall, a high-end shopping destination.
{{Reflist}}
In 1989, renowned investor Warren Buffett purchased a majority of Borsheims stock, making it part of his famous holding company, ]


⚫ ==External links==
⚫ *


⚫ {{Berkshire Hathaway}}
Borsheims Today
{{Authority control}}


]
Growth continues under the leadership of Susan M. Jacques, G.G., F.G.A., who became Borsheims president and CEO in 1994. She manages the business with the same philosophy that began years ago.
⚫ ]
It’s no small achievement considering that Borsheims covers more than 62,500 square feet after its 2006 remodel, maintains an inventory that includes more
than 100,000 pieces and serves an international clientele spanning 50 states and
six continents.
Borsheims now showcases a luxury salon featuring private areas for high-end shoppers to view rare treasures, an expanded engagement area, a significantly larger watch area featuring four edge-on plasma televisions to entertain customers, and a stunning two-story glass foyer befitting the jewelry store’s prominence.




⚫ {{US-retail-company-stub}}
What’s Next?

Even into the 21st century, Borsheims legendary success seems to know no bounds.
As the store continues to grow, Borsheims also extends its reach through the
use of the World Wide Web, at ]. This medium enables Borsheims to foster a unique and unwavering loyalty from its customers throughout the world.


⚫ ==External links==
⚫ *

⚫ ]
⚫ ]

⚫ {{Berkshire Hathaway}}
⚫ {{retail-stub}}

Latest revision as of 23:27, 20 November 2024

Jewelry store based in Omaha, Nebraska
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Borsheims
Company typeSubsidiary
IndustryRetail
Founded1870; 154 years ago (1870) in Omaha, Nebraska, United States
FounderLouis Borsheim
HeadquartersOmaha, Nebraska, United States
Area servedUnited States
Key peopleKaren Goracke
(President and CEO)
Products
ParentBerkshire Hathaway
Websitewww.borsheims.com

Borsheims (/ˈbɔːrʃaɪmz/ BOR-shymze) is a luxury jewelry store that sells fine jewelry, timepieces, engagement rings and home decór in Omaha, Nebraska. In 1870, Norwegian immigrant and silversmith Louis Borsheims founded his independent jewelry business that would later become known as Borsheims. The luxury jewelry retailer began as Brown and Borsheim. In 1907, Louis A. Borsheim sold his interests in Brown and Borsheim, thus began the Omaha staple, Borsheims. The business was sold to Louis Friedman and Simon Gorelick in 1947. In 1950, Louis bought out his brother in law, Simon Gorelick and his son Ike joined the business, who both retained the Borsheims name. In 1980, Ike Friedman bought out his father, Louis. Ike's son Alan and son in law joined the business. In 1985, his other son in law, Donald Yale joined the business. His two daughters, Janis Yale and Susie Cohn also worked in the business.

In 1986, Borsheims moved to the Regency Court Mall. In 1989, investor Warren Buffett purchased a majority of Borsheims stock, making it part of his holding company, Berkshire Hathaway. It was the first of Berkshire Hathaway’s jewelry companies and the business is still part of its portfolio, being also featured in Buffett's letters to shareholders and used for its annual shareholder meeting in Omaha, Nebraska. Donald Yale stayed CEO until 1994, and when he retired, Buffett offered Susan Jacques the job of running the business. Ike Friedman died in 1991 and Donald Yale was named President and CEO. Alan Friedman left the business. Donald Yale served in that post until he retired in 1994. Susan Jacques was named his successor.

Borsheims is now led by Karen Goracke, who became Borsheims president and CEO in 2013. The store maintains an inventory that includes more than 50,000 pieces of jewelry and watches.

It has been the location of Berkshire shareholder-only events held in association with its annual general meeting.

References

  1. The Deals of Warren Buffett: Volume 2: The Making of a Billionaire by Glen Arnold
  2. The Deals of Warren Buffett: Volume 2: The Making of a Billionaire by Glen Arnold
  3. The Deals of Warren Buffett: Volume 2: The Making of a Billionaire by Glen Arnold
  4. The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers by Robert P. Miles
  5. Crazy Warren Buffett to Again Sell Jewelry at Borsheims, Forbes, February 29, 2012
  6. Berkshire Hathaway Inc, Shareholder Letters, To the Stockholders of Berkshire Hathaway Inc.
  7. Robert Miles, Buffett Gems, The Jewels in Berkshire Hathaway’s Crown, Couture International Jeweler, November 2002 issue
  8. ORACLE OF OMAHA` STILL HAS MIDAS TOUCH, By Rogers Worthington, Chicago Tribune, Apr 02, 1989 at 12:00 am
  9. 5 to be Inducted into Omaha Chamber Business Hall of Fame, Omaha.com
  10. Podsada, Janice (2013-10-08). "Warren Buffett's pick for Borsheims CEO took six-year break on rise to the top". Omaha.com. The Omaha World Herald. Archived from the original on 2014-02-26. Retrieved 2014-02-26.
  11. "Borsheims | Omaha Magazine". Archived from the original on 2014-03-08. Retrieved 2013-10-14.
  12. Buffett, Warren. "Berkshire Hathaway Inc. Annual Report 2016" (PDF). Berkshire Hathaway. p. 27. Retrieved 26 February 2017.

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