Fred Leighton is an American antique

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 western ...

business based on

Madison Avenue Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, United States, that carries northbound one-way traffic. It runs from Madison Square (at 23rd Street) to meet the southbound Harlem River Drive at 142nd Stre ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. The business is also known for lending jewelry to celebrities.

History

The business was founded by Murray Mondschein when he bought a Mexican arts and crafts store in

Greenwich Village Greenwich Village ( , , ) is a neighborhood on the west side of Lower Manhattan in New York City, bounded by 14th Street to the north, Broadway to the east, Houston Street to the south, and the Hudson River to the west. Greenwich Village ...

called Fred Leighton in 1959. Mondschein added wedding dresses and Georgian, Victorian, and

Art Deco Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the Unite ...

jewelry to the inventory. In the 1970s, he moved the store to the

Upper East Side The Upper East Side, sometimes abbreviated UES, is a neighborhood in the borough of Manhattan in New York City, bounded by 96th Street to the north, the East River to the east, 59th Street to the south, and Central Park/Fifth Avenue to the wes ...

, and in 1986 legally changed his name to Fred Leighton. Leighton began lending jewelry to celebrities in 1996 when client

Miuccia Prada Miuccia Bianchi Prada (; born Maria Bianchi on 10 May 1949) is an Italian billionaire fashion designer and businesswoman. She is the head designer of Prada and the founder of its subsidiary Miu Miu. As of October 2021, ''Forbes'' estimated her n ...

borrowed a necklace for

Nicole Kidman Nicole Mary Kidman (born 20 June 1967) is an American and Australian actress and producer. Known for her work across various film and television productions from several genres, she has consistently ranked among the world's highest-paid act ...

to wear to the

Oscars The Academy Awards, better known as the Oscars, are awards for artistic and technical merit for the American and international film industry. The awards are regarded by many as the most prestigious, significant awards in the entertainment ind ...

. Since then, celebrities have continued to wear Fred Leighton for events including the

Golden Globe Awards The Golden Globe Awards are accolades bestowed by the Hollywood Foreign Press Association beginning in January 1944, recognizing excellence in both American and international film and television. Beginning in 2022, there are 105 members of t ...

and the

Met Gala The Met Gala, or Met Ball, formally called the Costume Institute Gala or the Costume Institute Benefit, is an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City. It is popularly r ...

. The company's jewels have also been used in films including ''Marie Antoinette'' (2006), ''The Devil Wears Prada'', and the ''Sex and the City''

series Series may refer to: People with the name * Caroline Series (born 1951), English mathematician, daughter of George Series * George Series (1920–1995), English physicist Arts, entertainment, and media Music * Series, the ordered sets used in ...

and

film A film also called a movie, motion picture, moving picture, picture, photoplay or (slang) flick is a work of visual art that simulates experiences and otherwise communicates ideas, stories, perceptions, feelings, beauty, or atmosphere ...

. In 2005, Leighton sold the company to Ralph Esmerian. Under Esmerian's ownership, the company filed bankruptcy in 2008, and in 2010, Esmerian was charged with bankruptcy fraud, wire fraud, and concealing assets. He was sentenced to six years in federal prison and fined $20 million. In 2009, Fred Leighton’s assets, including its inventory and retail stores in New York and Las Vegas, were acquired by Kwiat Enterprises, LLC together with

Och-Ziff Capital Management Group Sculptor Capital Management (formerly Och-Ziff Capital Management Group) is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world. The firm operates m ...

and FOF Inventory Holding, in a $25.8 million bankruptcy court deal. Founded by Sam Kwiat in 1907, Kwiat is an American jeweler based in New York City and remains privately held by the Kwiat family.

References

{{reflist Jewelry retailers of the United States 1959 establishments in New York City

External links

Official website