Borsheims ( ) is a luxury
jewelry
Jewellery ( UK) or jewelry ( U.S.) consists of decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the clothes. From a w ...
store that sells fine jewelry, timepieces, engagement rings and home decór in
Omaha, Nebraska
Omaha ( ) is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha is in the Midwestern United States on the Missouri River, about north of the mouth of the Platte River. The nation's 39th-largest cit ...
. 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. It was, truly, a family business.
In 1986, Borsheims moved to the Regency Court Mall. In 1989, investor
Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net ...
purchased a majority of Borsheims stock, making it part of his holding company,
Berkshire Hathaway
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiu ...
. 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
External links
Borsheims
Berkshire Hathaway
Companies based in Omaha, Nebraska
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