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Steuben Glass closure a long time coming

Post Time:Nov 29,2011Classify:Company NewsView:244

 

Steuben Glass will officially shutter its Corning factory on November 29. But as the Innovation Trail's Matt Richmond reports, the company's closure has been coming for a long time.

 

The first president to give a Steuben creation as an official gift was Harry Truman. In 1947, he sent a glass bowl to then-Princess Elizabeth as a wedding gift. 

But that legacy is coming to an end for the 108-year-old decorative glassmaker. 

In 2008, Schottenstein Stores of Columbus, Ohio bought Steuben. 

“The Schottensteins when they bought the company could not have picked a worse time to purchase it.” 

That's David Goldstein. He’s president of a club that collects Steuben glass and says he's not surprised that the factory is closing now. 

“If I remember correctly, they closed the sale on June 30, 2008, just as the economy was tanking. And of course Steuben is a luxury good and was impacted badly by that.” 

The Steuben flagship store in Manhattan is also set to close. Most of the Steuben factory’s 60 workers will be laid off.

 

Source: http://www.northcountrypublicradio.orgAuthor: shangyi

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