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Lubert's Versa bid for Bailey Banks Biddle, Caldwell jewelers: report
Versa Capital, Philadelphia, has made an offer for financially troubled Finlay Enterprises, owner of Philadelphia's Bailey Banks & Biddle, JE Caldwell and other jewelry chains
Versa Capital, the West Philadelphia distressed-company turnaround investor led by Greg Segall and backed by Ira Lubert, is among investors who have made an offer to buy Finlay Enterprises Inc., the financially troubled New York jewelry retail holding company that owns Philadelphia's Bailey Banks & Biddle and J.E. Caldwell & Co., writes Bloomberg News, citing unnamed sources, here.
Finlay also operates Carlyle, Congress and Promenade jewelry stores. No immediate comment from Segall's office.