Finlay Enterprises, Inc. and 7 affiliated entities (”Debtors”) filed a petitions in United States Bankruptcy Court for the Southern District of New York for relief under Chapter 11 of Title 11 of the United States Code.  The Debtors are among the leading retailers of fine jewelry in the United States.  Debtors have approximately 77 department store locations and also operate approximately 106 stand-alone jewelry stores doing business as Bailey Banks & Biddle, Carlyle & Co. Jewelers LLC, and L. Congress, Inc.

The US bankruptcy proceedings are being consolidated for administrative purposes only under the Finlay Enterprises, Inc. case number 09-14873. The following are the names and case numbers of the bankruptcy petitions.

Arthur E. Reiner, in his affidavit filed in support of the Debtors’ first day motions, described the organizational structure of the Debtors as follows:

Finlay Enterprises is the direct parent of Finlay Jewelry. Finlay Jewelry, in turn, is the direct or indirect parent of all of the other Debtors. Upon acquisition, Bailey became an unincorporated division of Finlay Jewelry. The Debtors have two non-debtor affiliates, SONAB Holdings, Inc. (“SONAB Holdings”) and SONAB International, Inc. (“SONAB International”). Both SONAB Holdings and SONAB International are incorporated in the state of Delaware. Neither company is currently active, and to the best of my knowledge, information and belief, they have no outstanding assets or liabilities.