Gunderson’s Jewelers, which owns four jewelry stores in the Midwest, is buying JB Hudson Jewelers in Minneapolis (pictured) from current owner Pohlad Companies.
No financial details were disclosed. The sale is set to close on March 31.
Gunderson’s Jewelers currently operates stores in Sioux City, Iowa; Omaha, Neb.; Sioux Falls, S.D..; and Fargo, N.D.
The change in ownership seems to mean the 135-year-old store will change its name. In a statement, the new owner’s CEO, Brian Gunderson, said he was excited “to bring Gunderson’s to the Twin Cities.”
In the same statement, Pohlad Companies chief of staff Ben Hawn said, “Following this sale, Gunderson’s will build on JB Hudson’s strong legacy.”
JB Hudson has been owned by the Pohlad family since 2007. The store was founded in 1885 by Josiah B. Hudson. Among its other owners: the Dayton Company, Henry Birks and Sons, and James R. Cargill, which purchased the store out of bankruptcy.
(Photo via Facebook)
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