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Adornis.com

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Adornis.com was an online jewelry retailer created during the 90's dot-com boom that later collapsed.

Adornis.com
Formation1999
TypeOnline jewelry retailer
HeadquartersIreland: Moyne Park, Tuam, County Galway, Ireland
USA: Suite 265, 411 West Putnam Avenue, Greenwich, Connecticut 06830, USA
Location
Official language English
FounderDeclan Ganley
Key peopleSean Ganley, Jeanne Daniels, Roy Albers, Marion Davidson
Websitewww.adornis.com

Origin

Adornis.com, Inc. was an online jewelry retailer launched by Irish entrepreneur Declan Ganley with co-founder Sean Ganley, brother of Declan, in 1999, part of the dot-com boom of the 90's. The company was funded through Ganley's private equity firm, the Ganley Group, with $30m in equity funding, $30m in debt financing and a personal investment by Ganley of $5.5m. The French investments firm Richemont Investments SA, (a division of Compagnie Financiere Richemont AG) paid approx $5m to own 20% and the Irish internet firm Nua Internet Services owned 10%. Ganley owned around 40%, with the remainder owned by three American hedge funds. Adornis.com was a winner of Forbes magazine's 'Best of the Web' "Classic, contemporary and estate jewelry from less than $100 to more than $10,000. Browse or search by designer, product type, type of material and gemstone or price....Excellent product descriptions and multiple close-up views". Time magazine described Adornis.com as 'bauble central for luxury items' in Dec 1999.

Fate

It was valued at $25 million at one point but collapsed and its stock was sold off to Overstock.com for about $2m. The remains were converted to Adornis.com Limited, founded on 7 September 2001. That company's latest annual return was filed on 31 December 2005.

References

  1. ^ "Interview: Daire O'Brien: Prepared to take the broadband picture" The Sunday Times, January 25, 2004
  2. ^ "Ganley denies Adornis has lost all its sparkle" Archived August 22, 2008, at the Wayback Machine Sunday Business Post, Sunday, November 12, 2000
  3. ^ Details for ADORNIS.COM LIMITED, company number E0347616 at UKData.com Archived 2009-02-20 at the Wayback Machine
  4. "CableBulgaria:Directors". Archived from the original on March 1, 2001. Retrieved 2017-04-05.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  5. ^ Adornis.com, Inc. Archived 2011-10-06 at the Wayback Machine at www.list-company.com
  6. ^ Adornis.com, Inc. Archived 2008-04-20 at the Wayback Machine at www.jigsaw.com Archived 2009-03-10 at the Wayback Machine
  7. ^ "Selling the Ganley jewels", Irish Independent, Sunday November 19 2000
  8. ^ "Off-line Adornis lays off top staff" Archived 2013-02-21 at archive.today 8 November 2000, by Paul Drury, from www.electricnews.net Archived 2011-05-26 at the Portuguese Web Archive
  9. "The Aesthetics of Luxury" Archived 2008-12-04 at the Wayback Machine, a moderated panel discussion on 13 July 2006 Archived 10 February 2010 at the Wayback Machine, accessed via luxurycouncil.com
  10. ^ "Richemont Investments SA acquires a minority stake in Adornis.Com", Thomson Financial Mergers & Acquisitions, Dec 16, 1999, accessed via www.alacrastore.com
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