Company co-founder buys Stern’s half of the business; has big plans.
By Hallie Engel
Maker Mends co-chairman and founder Tony Stern has sold his 50% shareholding in the company to partner and co-founder to David Lewis.
LA-based Stern explained in a statement that though jewellery and watch repair company Maker Mends remains “close to his heart,” the company’s current progression and growth requires more time than he is able to devote.
Discussing the challenges he faced, Stern explained: “The different time zones and travel requirements make it difficult at best to have a seamless, true partnership, and I think it is best for all parties that I step aside and leave David to continue on with the journey, surrounded by the excellent team that has been assembled over the years.”
Next, Stern will assist in the launch a series of custom jewellery designer lounges, named Product Confidential, for the retail market. Though the business will be primarily located in the US, there are plans to expand it into European cities.
UK-based Lewis was named a Professional Jeweller Hot 100 2012 Business Big Shot for his work establishing Maker Mends in the UK and its services for industry professionals and multiple retailers.