HouseOfTaylorJewelry

Elizabeth Taylor Misses House of Taylor Opening Due To Illness

The flu kept Elizabeth Taylor from attending the opening of a Beverly Hills jewelry boutique which features her House of Taylor jewelry. Taylor was expected to be at the opening of Luxury Jewels of Beverly Hills and the AFP reports that guests waited three hours for her until her spokesman announced she would not be arriving.

It's been a rough few years for both Taylor and her eponymous brand of couture jewelry. Taylor has suffered several health crises and the loss of beloved friends including Michael Jackson. Her jewelry line began in 2005 when Mirabelle Luxury Concepts and Techline Jewelry merged with entities owned by Kathy Ireland and Elizabeth Taylor to form House of Taylor Jewelry. The new company struggled to gain footing and eventually was delisted from the Nasdaq in 2008. In November 2008, House of Taylor Jewelry, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Central District of California, Los Angeles.

The House of Taylor opening was attended by Marilu Henner, Maria Conchita Alonso, Kevin Sorbo and Frances Fisher among others. The jewelry remains on display at the Luxury Jewels of Beverly Hills store.

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Elizabeth Taylor and Kathy Ireland Leave House of Taylor

by Deidre Woollard (RSS feed) —

Filed under: Jewelry

Dame Elizabeth Taylor's jewelry company has been in bad shape for a while now but now that she and Kathy Ireland have terminated their licensing agreements with House of Taylor it looks like the company is officially over. The company is reportedly insolvent and the loan company is threatening to take possession of all inventory. Both Ireland and Taylor were major shareholders in the company along with Jack Abramov, the former chairman, president, and chief executive officer, and Monty Abramov, former secretary and vice president, both of whom resigned from their positions in April.

In May the company was delisted from Nasdaq and it will be forced to lose the Taylor name. Also, Lyle M. Rose, House of Taylor president and chief executive officer, left the company when they did not pay his salary, but is still hoping for a severance payment of around $150,00. Five other employees were terminated at the same time. The business will likely be liquidated. The company was in business for over three years and did create some lovely pieces such as the "Daisy" necklace shown above.

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Tags: diamonds, elizabeth taylor, ElizabethTaylor, house of taylor jewelry, HouseOfTaylorJewelry, jewelry, kathy ireland