Gump’s has a long and storied history in America . As a luxury retailer specializing in precious art, gemstones, and brand named apparel, the store can trace its roots back more than 150 years. It was in 1861 that Solomon and Gustave Gump opened their first store in San Francisco.
That little shop would focus on mirrors and frames. One has to wonder if they ever envisioned that it would develop into such a sought after business that attracted customers like Franklin D. Roosevelt and Sarah Bernhardt over the years. While they have been closed for over a year, a reopening for Gump’s is set in San Francisco and New York City with the Chachas family now being in control.
The new owners look to maintain the Gump’s brand and reputation for superior merchandise. John Chachas will be at the helm of the company and he has made his name as the founder of Methuselah Advisors. He has long been in love with Gump’s and jumped at the opportunity to acquire it recently. Go Here for related Information.
He can remember him and his family shopping at Gump’s during the Holidays for quite a few years. It is the iconic Buddha statue that always jumped out on him. When he discovered that Gump’s was about to be put up for sale, he quickly put together a lot of his own money and solicited some investors to join him and make the purchase. Refer to This Article for more information.
It was not long before the Chachas family was planning the reopening of Gump’s. Given how many long-time followers they have around the country, they should be well positioned for success from day one. They have stated plans to open digital store in time for the 2019 Christmas season. The new Gumps website, which retains the company’s former logo, also promises a re-opening in the fall of 2019. The web site also offers email signup and links to Instagram and Twitter pages.
They plan on having the same quality line of luxury jewelry, unique home furnishings, crystal, and much more. You can find out more about the new launch on their website.
While there seems to be a shortage of high-end luxury retailers around the world, Gumps is set to relaunch in the fall of 2019. The company was recently acquired in the summer of the same year, so they will be relaunching just in time for the holiday season. This will make it easy for you to find the gifts and items that you want at reasonable prices. These luxury items are a great idea for when you are looking for gifts for loved ones or as a way to spruce up your own home.
Gumps is based out of San Francisco and New York City. You can even check them out online by going to their main website. They offer home furnishings, holiday decor, jewelry and even gift items. There is an item for just about everyone when it comes to utilizing this luxury retail giant.
Gumps is widely known for its luxurious home furnishings, decor and fine jewelry. Its past clientele has included the likes of the 32nd President of the United States, Franklin D. Roosevelt, and the late French stage actress Sarah Bernhardt. They carry top-quality luxury brands including Hermes and Buccellati.
You can expect to see the same Gumps you know and love with the relaunch as well as a lot of positive changes that can help to improve your time shopping with the company itself.
There are so many people who know the Gumps brand and are thrilled that it is coming back. You can even find out more about the relaunch by visiting the site itself or going to social media pages where there is quite a buzz among people who are interested in the company coming back. You are going to want to consider the different options available when it comes to purchasing items from the company.
You will love that you can do all of your one-stop shopping with the brand and know that the products that you are going to be buying are luxury and made using high-end materials that will sure fit the needs of anyone the items are given to. See Related Link to learn more.
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In 1861, brothers Solomon and Gustave Gump opened up a mirror and frame shop that would one day become one of the best recognized luxury retailers in the country, Gump’s. Much of that came after the Gold Rush ended, making them more inclined to sell art and venture out into other goods like silk, jewelry, and upholstery.
They became a bi-costal business, with locations in New York and San Francisco, attracting notable customers like Sarah Bernhardt and President Franklin D. Roosevelt. But it would take almost a century and a half before John Chachas expressed his interest in a prized Buddha statue.
Having been a regular visitor to their store as a boy, Chachas formed a close relationship with the brand. In 2005, he was a pivotal player in getting the Gump business into the hands of new buyers. But his fee of $225,000 for his businesses would elude him, until he though to ask the Gump president for a Buddha statue.
The statue was worth $800 back in 1957 when it first got into Gump’s, and it was contractually used as payment to Chachas. It would lead to him owning the business.Chachas had his statue appraised a couple of years later and found out it was worth $240,000, more than his initial fee. Eventually he took his statue to Hong Kong to sell it, and it became the seed money for his investment, Methuselah Investors in 2010, and attracted big clients like Rolling Stone magazine. View More Information Here.
When Gump’s filed for bankruptcy in 2018, Chachas paid a mere $650,000 for the brand, their coveted customer list, and trademarks, and used those resources to build up Gump’s as a reinvigorated business.
Now Gump’s is family-owned, just like when it started. John Chachas, his wife Diane, and their daughter Anne set out to make a new enterprise. They even brought back many of the executives who were without a job after the bankruptcy. Anne, the current Executive Vice President, released a statement about their purchase, saying the family has long been impressed with Gump’s, and believe in its ability to appeal to customers on name recognition alone.
Gump’s is set to reopen for the Christmas shopping season this year.
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See also: https://en.wikipedia.org/wiki/GUMPS
Solomon Grump started his family business in the early 1860s. The Gump family quickly established a reputation for getting luxury goods, and 150 years later the name still carries that expectation. But the business isn’t what it once was. Gone for a bit, but now Gump’s San Francisco is getting ready to reopen with a new leadership and a vision to match the future.
Anne Chachas, the Executive Vice President for Gump’s San Francisco praised the stellar reputation of the brand in a recent statement. It’s illustrative of a connection between what they sell and the clientele that frequents their locations. But Chachas is now focused on using a new leadership to refine the shopping experience at Gump’s and hopefully widen its appeal to more customers. See Related Link for additional information.
The Chachas are also reintroducing the idea of the family business. John and Diane Chachas have been invested in Gump’s for over a decade, but now they, along with their children Anne, Jack, and Christopher, the Chachas are looking to emulate the family business that built up the Gump reputation. It’s a management style supported by Solomon Gump’s great great granddaughter Antionette Gump.
The Gump brand has been a key source of jewelry, pearls, and jade prepared in countries around Asia. Their assortment of homewares, furnishings, and fine china also carry with it the same expectation of expert crafting and wide availability. While these luxury goods are still available in their New York location, San Franciscans will soon be able to resume shopping.
Anne Chachas went on to say that Gump’s San Francisco is expected to re-open its doors in time for the 2019 Christmas shopping season. This will come with an online presence that will make them more accessible to shoppers regardless of location.
For those looking to keep an eye on redevelopment up until relaunch can follow Gump’s San Francisco on social media, such as Instagram and Twitter and their page at www.gumps.com.
Like them on https://www.facebook.com/gumps/
Founded in 1861 by brothers Solomon and Gustave, Gump’s department store was first launched as a seller of mirrors and frames, with artwork later being added to the frames.
Gumps is known as one of the oldest companies of its kind in the U.S., it was not only a dealer of home decor and fine jewelry, but it also carried merchandise by designer brands such as Hermes. When a major earthquake hit the San Francisco, California area in 1906, Gump’s first store burned downed, causing the owners to have to relocate the business to Union Square, where it remained until the end of 2018.
After recently being acquired by investor John Chachas and members of his family, Gump’s is set to re-open to the public in the Fall of 2019. The Chachas family, who had older relatives who were customers of the business during its most productive years, began investing in the business in 2007, and familiarized themselves with how the department store was run by its previous owners. Because of their respect for how the original store’s ownership was shared between its family members, John Chachas wanted to continue this tradition with his own family as they move forward with their plans for the new store. Read This Article for additional information.
During its many successful years of being in operation, Gump’s had luxury department stores on both the east coast and the west coast in San Francisco, California and New York City, New York. New owner John Chachas and his business partners have plans to re-launch the store in a different location that they will reveal at a later time on Gump’s website, www.gumps.com. The group will also let the public know on what day their grand opening will be taking place. This information can be accessed on the brand’s social media pages, which can be found on Instagram and Twitter.
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