Malloves Jewelers will continue under new ownership as the Hannoush family steps in; sale price was not disclosed, even as Hannoush pursues a separate $5 million expansion in the region.
- Price: Undisclosed
- Carat weight: N/A
- Origin: Middletown, Connecticut
- Date: Dec. 16, 2025
- Family tenure: 97 years (Levin family)
What happened
Malloves Jewelers, a Middletown mainstay owned by Marc Levin, will remain open under the Malloves name after Sammy Hannoush — part of the Hannoush family that operates several Connecticut stores — completed the purchase. Levin, 64, who informed customers that he planned to retire and close the business at the end of October, confirmed the transition in a social post describing the buyer as a “well-known jeweler on the East Coast.” Hannoush has not disclosed the purchase price.
The transaction preserves staff and much of the store’s supplier relationships; Hannoush has said he will concentrate inventory and service emphasis on engagement rings, wedding bands and jewelry repairs while keeping the existing product mix largely intact.
Fast, tactile details
Inside the Middletown shop, long-standing customers will recognize the same time-worn oak counter varnish, the vitreous luster of display cases and the substantial heft of the service bench where repairs are made. Sammy Hannoush framed the move as both stewardship and a strategic retail step: “We gotta keep it going,” he told CT Insider.
Context: how this fits 2025 trends
The sale is modest but instructive in the 2025 retail landscape. Mature independents across the US are becoming targets for regional family groups and private operators seeking low-risk acquisitions that preserve foot traffic and margin. Hannoush’s decision to retain staff and supplier lines aligns with a broader market preference for conservation over radical rebranding — a response to consumers who prize provenance and service continuity.
At the same time, the store’s pivot to strengthen engagement and repair services echoes two durable 2025 trends: the premiumization of bridal inventory (where cut, setting and craft command higher unit economics) and aftercare as a revenue stream. Retailers report that repairs and resizing deliver steady gross margin and reinforce repeat customer relationships in an era when lab-grown diamonds and sustainability claims have complicated pricing signals.
Why US retailers and investors should care
For independent retailers and investors, the Malloves handover offers three practical takeaways:
- Conservation drives value: preserving staff, suppliers and a known local name can safeguard goodwill — an intangible that still moves revenue in community-facing jewelry shops.
- Service-led margins: bolstering repair benches and in-store ring workflows creates cash flow with modest capital outlay and tangible customer retention.
- Portfolio logic: regional family groups like Hannoush are quietly consolidating mall and street-front assets; their $5 million investment elsewhere in the region signals available capital for roll-up activity rather than a single opportunistic purchase.
For the Middletown customer base, the immediate experience should feel familiar — the same retail choreography, the same ring boxes with a reassuring substantial heft — but with an intention to sharpen engagement assortments and after-sales care. For investors, the transaction reinforces that in 2025, scaled independents will continue to buy heritage positions rather than replace them, extracting stable cash flow while layering selective product and service upgrades.
Reporting based on company statements and CT Insider coverage. Malloves first rose to prominence under the Levin family and has served generations in Middletown; Hannoush Family Jewelers was founded 45 years ago.
Image Referance: https://www.sheltonherald.com/business/article/middletown-malloves-jewelers-closing-hannoush-ct-21246351.php