The Chachas, The Gumps and The Buddha

 

Gumps is known for being one of the oldest brands to ever exist in retail within the United States. The business was running for more than 150 years when things began to change. The change in the economy had everything to do without how people were shopping.

The Gump’s Luxury Retail store is now set to be re-opening under new ownership. The company, previously owned by Soloman and Gustav Gump, was recently acquired by the Chachas’ family.

They established their business in 1861, and it has been a family business ever since. Anne Chachas admires this rich family history and intends to run the business as they had done before. She is also very excited to work with the Gump’s clients because she has always been impressed by their special connection with them.

The Chachas’ have been investing the Gump’s retail store since 2007, so it’s safe to say they truly believe in the company and its brand. John and Diane Gump began investing, but it was their children Anne, Jack and Christopher who actually acquired the Gump’s business after it had closed down. They all have the same passion for the history, and ensure the public that they won’t stray from the Gump’s vision. See This Page for additional information.

John Chachas had wanted a Buddha the brother’s had years ago, and that statue was also appraised in 2007. It was worth $240,000, but it couldn’t be John’s immediately. He and the Gump’s had a transaction arrangement contract that they’d originally drawn up in reference to the Buddha. Chachas was setting up transactions for the Gump’s, but his fee was $225,000 and with the Buddha being valued at so much his fee was covered. He simply had to replace it with a replica that was valued at the same amount, which he did. Get More Information Here.

Chachas sold the Buddha in Hong Kong for $4 million and started an investment company. His children bought the business and their intellectual property when the Gump’s filed bankruptcy, and everyone is excited to see what they have in store.

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.

 

Additional reference: https://www.prnewswire.com/news-releases/gumps-iconic-san-francisco-luxury-retailer-has-been-acquired-300879531.html

 

 

 

Gump’s makes a return

 

When you’re talking about some of the most long-lasting luxury merchandise stores, there are few that lasted as long as Gump’s did. The store, which had locations in San Francisco, California and New York City, was first started in 1861.

Gump’s was, at first, a store that was nothing more than a frame shop when the Gump brothers first got their start. They had moved to San Francisco during the gold rush in order to try and make their way. They did indeed find that way, especially when they realized they could offer something quite a bit more interesting than picture frames.

At one point, Gump’s became a store that was looking for all the most interesting items they could offer, from all over the world. They sent people hither and yon, looking for luxury items people had never seen and couldn’t get their hands on anywhere else.

They also eventually opened a store in New York City. This allowed for Gump’s to offer those rare luxury items on both coasts of the United States. Eventually, the need for luxury items waned a bit. See This Page for more information.

The business started to struggle a bit. Eventually, Gump’s had to close its doors, at least for a few years. Now the store is coming back and is looking to be better than ever.

The luxury store had to close its doors and go into bankruptcy, but now it is returning to both San Francisco and New York. They are returning to the cities where they grew up and done business. They are going to be coming back just in time for the Holidays. That will allow those who used to shop at Gump’s will be able to get the items they were used to before the shutdown. Go To This Page for additional information.

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.

 

Like them on https://www.facebook.com/gumps/

 

Family Ownership Will Remain at the Heart of Highly Authentic, Iconic Gump’s Brand

 

The people of San Francisco are thrilled that the iconic Gump’s luxury brand has been acquired by new ownership. The move promises to usher in a new era for one of the city’s and nation’s most beloved outlets for the kind of items that just can’t be purchased anywhere else.

Products of exotic and unique quality have been part of Gump’s San Francisco for more than a century-and-a-half. The store was originally founded in 1861 by brothers Solomon and Gustav Gump. The enterprising men originally sold mirrors and frames but quickly expanded their wares to include European artwork, fantastic furniture, dining ware and fabulous jewelry.

The Gump’s were unique in their approach. They scoured the globe – including points across Europe and the Far East – to bring items to their San Francisco customers that were simply unlike anything any other merchant sold.

Gump’s has always prided itself as a family-owned business. The Chachas family will continue that tradition. John and Diane began investing in the company as far back as 2007. Their children, Anne, Christopher and Jack Chachas, will be the new majority owners. They are gearing up to relaunch Gump’s across North America and Europe in the coming months.

Gump’s has headquarters in San Francisco and New York, New York.

Anne Chachas said upholding the company’s rich history and its special aura of authenticity will be an extremely important element of the way the company is presented going forward. Even Antoinette Gump, the great, great-granddaughter of the company founder, said she is delighted that Gump’s will retain a family-ownership quality under the Chachas siblings. Refer to This Article for related information.

Anne Chachas said she is delighted that Gump’s will be open for business for Christmas 2019. That will make for 158 holiday seasons for this All-American brand with a special place in the hearts of millions of customers.

 

See also: https://en.wikipedia.org/wiki/GUMPS

 

Gump’s Selling The Future

Gump’s is a store that is located in San Francisco. They have been in the business for quite some time. One of the features that Gump’s has that has helped it become so well-known is a Buddha statue that stood in the middle of the store. That Buddha statue was at least 8 ft tall.

Gumps has been open and running since the eighteen-hundreds. In the 1900s the original store burnt down thanks to an earthquake, so they moved to a new location and remained open until 2018. Gumps recently filed bankruptcy and had a huge liquidation sale.

They literally sold everything. All of their furniture, home decor, jewelry, and everything else they had in the store. The Buddha statue sold for around 4 million dollars. Gump’s is now under new ownership and is planned to be reopened in the fall of this year. Go To This Page to visit their page on Instagram.

The Gump’s store is well known for their luxurious furniture, crystal, and jewelry. When the company reopens they plan to have a lot of business. They have big hopes of being successful way into the future. Gump’s is going to become the exceptional store that it once was. The new owners have huge hopes and dreams for the store and there’s no telling just how far they will go.

Gump’s was a huge hit among shoppers when it was first opened in the 1800’s. They have worked very hard through the years to grow their business, and now they are working even harder to try and build back the business that they once had. Gump’s is going to continue to grow for many more years to come. See This Page for more information.

 

Follow Gumps on  Twitter, @gumpssf.