Gump’s is a department store in San Francisco. At this time it is closed but it is scheduled to be reopened in the fall of this year. It was started in the 1800’s by two brothers named Solomon and Gustave Gump. Gump’s originally started out as a mirror & frame shop, but the frames were filled with art after the California Gold Rush.
After a huge earthquake in 1906 the store that was originally there burned down so the Gump family moved it to Union Square where it stayed open until 2018. The retailer was known for selling furniture, home decor, jewelry, and much more. Gump’s is also known for President Franklin D Roosevelt buying ship models in the store.
A man named John Chachas who has who worked as a banker had a huge interest in the Gump store. As a young boy he could remember his parents shopping at Gump’s for Christmas. What drew his attention to the store so much with an eight foot tall Buddha statue that stood right in the center of the store. Now, years later at the age of 50 when he heard that Gump’s was being sold he put a huge investment on it. He wanted to make sure that the Buddha would stay put in the middle of the store. Go To This Page for additional information.
It did not take long before the Gump store filed bankruptcy and had a huge liquidation sale. Chachas went and got his Buddha and decided to replace it with a 3D replica. It was around Christmas time when he took the 3D replica to place it inside the store but they were already closed, so he decided to offer it up for sale in Hong Kong. He ended up selling the Buddha for four million dollars.
Gumps became a pretty big deal because they were a store that was around for so long. They had a huge impact on the life of John Chachas. John Chachas has invested a lot into the store and upon them closing he gained a lot from the Buddha. John Chachas is going to be there to support the new Gump store that is going to be opening in the next few months. He hopes that they will become very successful.
They have stated plans to open both digital and physical stores in time for the 2019 Christmas season. The new Gumps website, which retains the company’s former logo, also promises a re-opening in the fall of 2019. The web site also offers email signup and links to Instagram and Twitter pages. The location for the new Gumps brick-and-mortar store has not yet been released.
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Gump’s is being re-launched after faltering in 2018. Gumps is a New York and San Francisco based company, which will now be bringing back its popular jewelry and gifts through retail and online availability.
Originally started in the 1860s by Solomon Gump and his family, Gumps shut down after 150 years of providing unique jewelry and gifts to customers. The re-launch is being made possible through a new acquisition, which brings along with it new leadership.
John and Diane Chachas’s children are the company’s new owners. The Chachas first became involved with the company in 2007, as investors. Now the company is owned by their daughter Anne, and two sons Christopher and Jack. The Gump family is happy to see Gump’s remain a family run business. Read This Article for related information.
By the Fall of 2019, both online and retail operations will be in full swing. This is very important to the Chacas family, as Gump’s has become synonymous with the holiday season. In fact, millions of customers have turned to the company for Christmas shopping over the last 158 holiday seasons. The re-launch of the company will get help from a strong web presence. The use of Instagram and Twitter is expected to also help the company with its re-launch.
Gump’s hopes to continue making high-end jewelry and gifts from notable retailers available to the public. The company has a tradition of making exotic goods available from companies like Hermes and Buccellati. While several details about the company’s re-launch have emerged, the exact location of the retail operation is not yet public.
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Gumps is an icon in both San Francisco, CA and New York City and it was recently acquired by another company. Gumps is one of the oldest luxury brands in the United States and is also one of the most recognizable. It was originally founded in 1861 by Solomon Gump and his family.
They sold gifts and fine jewelry in the store at the time. The San Francisco store was closed in late 2018 but will be relaunching soon under its new ownership. They will also be offering online shopping options as well with the relaunch of the company. Click Here for additional information.
The Executive Vice President of the San Francisco store, Anne Chachas, stated that the company has been impressing them for more than a decade due to the connection that the location has with its clients. She believes that there is a great deal of potential with the store after the relaunch so they will be able to delight even more clients in the future. While Gumps may be under new ownership, they insist that they will be upholding the same values of the family that founded it more than a century ago.
The Gumps store in San Francisco should be opening in time for the winter holiday season in 2019. The store had celebrated 158 Christmases in the past and they are looking forward to celebrating even more in the future under new ownership. Gumps is known for selling luxury products such as luxury furniture and posh home decor along with jewelry.
The new owners will be announcing their plans and keeping clients up to date through their website. The new owners of Gumps are looking forward to greeting their customers this holiday season and they hope to be able to create a luxury shopping experience that will make them want to return.
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View their page on https://twitter.com/@gumpssf