Luxury Brand Holdings, Inc. Announces Hiring of James M. Speltz as President

Luxury Brand Holdings is the parent company of Ross-Simons; Speltz is
the former CEO of Brookstone.

CRANSTON, R.I.–(BUSINESS WIRE)–#executivesearch–Luxury Brand Holdings, Inc., the parent company of Ross-Simons and
Sidney Thomas fine jewelry, announced today that it has hired James M.
Speltz for the position of President. Mr. Speltz will join the Company’s
Board of Directors and oversee all business activities for Luxury Brand
Holdings, reporting directly to Darrell S. Ross, CEO and Chairman of the
Board. Additionally, the Company announced the long-planned retirement
of veteran EVP and COO Robert Simone. Mr. Simone has served Luxury Brand
Holdings as its Chief Operating Officer for 19 years and will remain
with the company through the second quarter of 2017.

Mr. Speltz brings 20 years of direct-to-consumer and merchandising
experience to Luxury Brand Holdings. Mr. Speltz previously served as
Chief Executive Officer for Brookstone, the multi-channel specialty
retail company. During his 18-year tenure with Brookstone, he
additionally held roles of Chief Operating Officer, VP Business
Development, VP of Supply Chain, and various other management positions.
Most recently, Mr. Speltz was the Chief Operating Officer for
Teikametrics, a software and service provider to Amazon.com third-party
merchants.

“I am incredibly excited about Jim joining Luxury Brand Holdings,” said
Darrell Ross. “As a company, we look forward to working with him in his
new leadership role. Jim is a seasoned direct marketer who brings a
fresh perspective to the ever-changing retail landscape. Together, we
will expand and innovate on our brand footprint, build upon our strong
corporate culture, and develop new strategies for providing high-quality
fine jewelry at an exceptional value.

“Moreover, I also wish to thank Bob Simone for his operational
excellence, leadership, and management of the company since 1998. He has
been an invaluable part of our team and will forever be woven into the
legacy of our brands. He will be missed, but we wish him all the best in
his much-deserved retirement.”

“The LBH brand umbrella represents the best of luxury, beauty, service,
and value in the fine jewelry market,” said Speltz. “I am honored and
proud to join Darrell and the entire management team for our next
chapter of growth. The brand equity that has been built up since 1952 is
an immensely powerful asset as we take an ambitious approach to growing
our portfolio and customer base.”

About Luxury Brand Holdings, Inc.

As America’s favorite jeweler for 65 years, Ross-Simons
has provided exceptional service and delivered fabulous jewelry to more
than four million satisfied customers. Luxury Brand Holdings was formed
in 2011 to encompass the expansion of the company’s brand offerings as
the Sidney Thomas chain of upscale jewelry stores was introduced. With
designer jewelry collections and couture straight from the runway,
Ross-Simons and Sidney Thomas have dazzled generations of families with
amazing selection and great prices. Visit www.luxurybrandholdings.com
for more information.

Contacts

RDW Group
Dante Bellini, Jr., 401-521-2700 ext. 131