Stocks for House of Taylor Jewelry Inc. will be delisted on April 24 following a series of Nasdaq Stock Market Inc. violations, the company has announced.
House of Taylor Jewelry missed the extended April 15 deadline for filing its annual report and failed to pay the Nasdaq listing fees, the company stated in a news release.
In addition, Nasdaq notified House of Taylor Jewelry on Oct. 29 that it was not in compliance with the minimum bid price—$1 per share—required for continued listing on Nasdaq and had until April 28 to meet the minimum requirements.
Since that time, House of Taylor Jewelry stock has not met the $1 minimum requirement for 10 consecutive business days.
House of Taylor Jewelry is not the only industry player to run into stock market trouble recently.
Finlay Enterprises Inc., which operates the jewelry sections of department stores as well as a number of standalone stores including Bailey Banks and Biddle, faces delisting in July if it cannot increase the value of its stock.
House of Taylor Jewelry is a Los Angeles-based international jewelry company owned by actress Dame Elizabeth Taylor, model Kathy Ireland and members of the Abramov family.
It supplies fine-jewelry retailers with the brands Elizabeth, House of Taylor Jewelry and Kathy Ireland Jewelry Exclusively for House of Taylor Jewelry.
Source: nationaljewelernetwork
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