Samuels Jewelers Continues Normal Operations During Financial Restructuring Process

AUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ -- Samuels Jewelers, Inc. affirmed today that the Company's approximately 122 stores and its e-commerce site are open for business and are continuing to offer customers great service and a curated assortment of merchandise in fine jewelry.

Samuels Jewelers, Inc. is implementing a court-supervised process in the United States that will allow the Company to restructure its finances while continuing normal business operations.  The Company expects this restructuring process will enable it to significantly reduce its outstanding debt.

"We are confident that we are taking the right steps for Samuels Jewelers," said Farhad Wadia, Samuels Jewelers' CEO.  "Our customers around the U.S. can continue to count on an outstanding shopping experience and excellent service whenever, wherever and however they choose to shop with us. As we prepare for another holiday season, our national team members are ready to serve the families who will be shopping with us."

Additional information can be accessed by visiting the Company's restructuring website at cases.primeclerk.com/samuelsjewelers or by calling the Company's Restructuring Information Hotline at the following numbers:

• 844-384-4480 (Toll free)
• 347-859-8087 (International)

About Samuels Jewelers, Inc.
Samuels Jewelers, Inc. is a leading retailer in fine jewelry, offering a superior shopping experience. Merchandise is sold in Samuels Jewelers stores in the United States, and the Company's e-commerce site www.SamuelsJewelers.com, which provides shoppers with a broad online selection of distinctive fine jewelry products. The Company is headquartered in Austin, TX, and has approximately 690 employees nationally.

Samuels Jewelers has been serving jewelry customers since 1891. Our 125-year diamond tradition began in San Francisco, where Albert Samuels first opened his doors in 1891. The three-story building on Market Street housed 40 jewelers who designed and skillfully created fine jewelry to exacting standards.

Today, we are committed to preserving the principles of quality, value and customer service excellence established by our founder over 125 years ago.

SOURCE Samuels Jewelers, Inc.

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