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Borsheims (/ˈbɔːrʃaɪmz/ BOR-shymz) is a luxury jewelry store that sells fine timepieces and home decór in Omaha, Nebraska. The store was founded in 1870, and has been a subsidiary of Berkshire Hathaway since 1989.

Louis Borsheim started Borsheims in downtown Omaha in 1870. The business was sold to Louis Friedman and his son Ike in 1955. Both owners retained the Borsheims name.

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.

Borsheims is led by Karen Goracke, who became Borsheims president and CEO in 2013. The store maintains an inventory that includes more than 100,000 pieces of jewelry and watches.

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

History

Louis A. Borsheim

In 1870, Louis A. Borsheim-a Norwegian immigrant and silversmith-began his independent jewelry business that would later become known as the pre-eminent store in downtown Omaha's shopping district. Brown and Borsheim, located at 222 S. 16th Street, served customers by being expert watchmakers and jewelers with reasonable prices. In 1907, Louis A. Borsheim sold his interests in Brown and Borsheim and founded a new jewelry store at 506 S. 16th Street known as Louis A. Borsheim, where he sold elegant jewelry and watches, leather goods and novelties, glass vases and bowls, and gold pocket knives and cigar cutters.

References

1. 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.
2. "Archived copy". Archived from the original on 2014-03-08. Retrieved 2013-10-14.{{cite web}}: CS1 maint: archived copy as title (link)
3. Buffett, Warren. "Berkshire Hathaway Inc. Annual Report 2016" (PDF). Berkshire Hathaway. p. 27. Retrieved 26 February 2017.

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