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100 Pieces of Rayette-Faberge, Inc. dated 1960's - 100 Stock Certificates - Cos For Sale
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100 Pieces of Rayette-Faberge, Inc. dated 1960's - 100 Stock Certificates - Cos:
$175.00
Female with globe vignette by Security-Columbian Bank Note. 100 Pieces. Faberg was a brand of cosmetics manufactured between 1964 and 1984 under the direction of George Barrie. In 1984, McGregor Corporation acquired Faberg and discontinued many Faberg products. In 2007, the trademarks, licences and rights were transferred to Faberg Limited, in the Cayman Islands, Mark Dunhill became CEO, and it announced an intention to make Faberg a luxury goods brand. The American oil billionaire Armand Hammer collected many Faberg pieces during his business ventures in communist Russia in the 1920s. In 1937, Armand Hammers friend Samuel Rubin, owner of the Spanish Trading Corporation which imported soap and olive oil, closed down his company because of the Spanish Civil War and established a new enterprise to manufacture perfumes and toiletries. He registered it, at Hammers suggestion, as Faberg, Inc. The Faberg family did not learn about this until after World War II ended. Unable to afford protracted and expensive litigation, in 1951 they settled out of court for US$25,000 ($250,000 today) for the Faberg name to be used in connection with perfume. Soon, Rubin added cosmetics and toiletries under the Faberg banner, usually sold in upscale department stores. Faberg had a high, prestige status, similar to rivals Coty, Guerlain and Elizabeth Arden. In 1964, Rubin sold Faberg Inc. for $26 million to George Barrie and the cosmetics company Rayette. In 1964, Rayette changed its name to Rayette-Faberg Item ordered may not be exact piece shown. All original and authentic.
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