Leonard R. Polivy Named Vice President at Gordon Brothers Group

Press Release

BOSTON, MA – Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today that Leonard Polivy has been named Vice President in the Retail division.

Mr. Polivy works on a variety of retail disposition and appraisal projects with a focus on the jewelry sector. With over two decades of experience, his primary responsibility is sourcing inventory for jewelry stores and developing innovative sales strategies. Recently, Mr. Polivy played an instrumental role in one of Gordon Brother Group's largest and most successful jewelry disposition sales which included 6 different nameplates across 27 states.

“The jewelry sector has changed substantially over the past few years,” said Leonard Polivy. “Product mix, inventory levels and pricing are more important than ever. I always look for ways to create intrinsic value while preserving the gross margin and protecting the clients’ reputation.”

“Gordon Brothers Group started out in the jewelry business, and by the 1920s we were known as one of the oldest and largest buyers of jewelry stores in the country,” commented Gary Kulp, President, Gordon Brothers Group Retail division. “Today, with the help of experts like Lenny, we continue to work with jewelry wholesalers and retailers to help them improve their businesses during a challenging period for this sector.

Mr. Polivy began his jewelry career with Gordon Brothers Group in the mid-1980s and went on to become president and owner of a wholesale diamond company. He has also held other management positions within the jewelry sector before returning to Gordon Brothers Group in 2009. Mr. Polivy is a member of the Jewelers Board of Trade, American Gemological Society and Jewelers Vigilance Committee and he is also an associate member of the American Society of Appraisers.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.