Postby dognose » Mon Apr 12, 2021 5:27 am
FIRM REORGANIZED
Grainger-Hannan-Kay Co., Detroit, Mich., Becomes Goldsmiths & Silversmiths, Inc.
Detroit, Mich., Oct. 20.—An important event in Detroit retail jewelry circles this week was the reorganization of the well known Grainger-Hannan-Kay Co., 238-240 Woodward Ave., which is to be known hereafter as the Goldsmiths & Silversmiths, Inc. The principal owner in the new firm is Edward Holbrook, president of the Gorham Mfg. Co. Joseph Donnelly, formerly of the Gorham Co. at its eastern office, is to be general manager and secretary, while Joseph Maynard remains as treasurer.
Marvin Brabb, a Romeo, Mich., banker and capitalist, leaves the firm, as does also Walter R. Grainger.
An abundance of new capital is being put into the business, and extensive alterations and improvements, some of which have al- ready been started, are to be made. The more extensive alteration, including the removal of the old-fashioned pillars to provide more floor space, will be made after the holiday season is over.
Hiram A. Bliss, general manager of the Gorham Mfg. Co. its in Detroit representing Mr. Holbrook in the changes now being made. Interviewed concerning the new firm and its plans for the future, he said:
“The new company will be controlled by Edward Holbrook, who has acquired the principal ownership,” said Mr. Bliss. “The new firm will be known as the Goldsmiths & Silversmiths, Incorporated, and will cater to the conservative trade only, carrying in stock only the best in gems, jewelry, clocks, watches and silverware.
“The business will be increased on a much more extensive scale than ever before. The men who will have charge of the new concern—Mr. Donnelly and Mr. Maynard—are both men of proven ability and much experience. Mr. Holbrook has always been identified with the Detroit business, but now controls it. The firm started originally as M. S. Smith & Co., and was one of the most exclusive jewelry firms in the city. This was succeeded by the W. A. Sturgeon Co., and finally by Grainger-Hannan-Kay Co.”
Source: The Jewelers' Circular - 25th October 1916
Trev.