Adornis.com was an online jewelry retailer created during the 90's dot-com boom that later collapsed.
| Formation | 1999 [1] |
|---|---|
| Type | Online jewelry retailer |
| Headquarters | Ireland: Moyne Park, Tuam, County Galway, Ireland [2] [3] [4] USA: Suite 265, 411 West Putnam Avenue, Greenwich, Connecticut 06830, USA [5] [6] |
| Location | |
Official language | English |
Founder | Declan Ganley [7] [1] |
Key people | Sean Ganley, Jeanne Daniels, [8] Roy Albers, [8] Marion Davidson [9] |
| Website | www.adornis.com |
Adornis.com, Inc. [5] [6] was an online jewelry retailer [7] launched by Irish entrepreneur Declan Ganley [7] [1] with co-founder Sean Ganley, brother of Declan, in 1999, [1] part of the dot-com boom [1] of the 90's. The company was funded through Ganley's private equity firm, the Ganley Group, [2] with $30m in equity funding, $30m in debt financing and a personal investment by Ganley of $5.5m. [8] The French investments firm Richemont Investments SA, [10] (a division [10] of Compagnie Financiere Richemont AG [2] [8] ) paid approx $5m [10] to own 20% [7] [10] and the Irish internet firm Nua Internet Services [8] owned 10%. [7] Ganley owned around 40%, [2] with the remainder owned by three American hedge funds. [2] Adornis.com was a winner of Forbes magazine's 'Best of the Web' "Classic, contemporary and estate jewelry from less than $100 to more than $10,000. Browse or search by designer, product type, type of material and gemstone or price....Excellent product descriptions and multiple close-up views". Time magazine described Adornis.com as 'bauble central for luxury items' in Dec 1999.
It was valued at $25 million at one point [7] but collapsed and its stock was sold off to Overstock.com [7] for about $2m. [7] The remains were converted to Adornis.com Limited, [3] founded on 7 September 2001. [3] That company's latest annual return was filed on 31 December 2005. [3]
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