Mene Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Vincent Gladu
- Sector
- Consumer Cyclical
- Industry
- Luxury Goods
- Address
- 334 Adelaide Street West Toronto ON Canada M5V 1R4
- IPO Date
- Dec 21, 2009
- Website
- mene.com
- Similar Companies
- Business
- Mene Inc. designs, manufactures, and markets 24 karat gold and platinum investment jewelry worldwide. Its product portfolio includes charms, chains, bands, earrings, pendants, rings, bracelets, precious objects, pet tags, and medallions, all sold by gram weight with transparent pricing linked to real-time metal spot prices plus a manufacturing premium. The company operates on a vertically integrated model encompassing in-house design, manufacturing, packaging, and direct-to-consumer e-commerce retail primarily through its website mene.com. Mene sources its metals from ethically certified mines in Nevada and Ontario, ensuring compliance with Responsible S Certification standards. Founded in 2018 and headquartered in Toronto, Canada, Mene seeks to restore the link between jewelry and savings by combining timeless design with inherent precious metal value for long-term investment appeal. Recent strategic developments include a comprehensive five-year plan initiated in late 2023 under CEO Vincent Gladu, focusing on restructuring operations for efficiency and cost reduction, repatriating some outsourced manufacturing in-house, and reengineering the operational foundation to support sustained growth. In 2024, Mene reported $25.8 million in revenue, an 11% increase over the previous year, along with surpassing 100,000 customer orders and $100 million in total gold held by customers. The company increased its average order value by 36% while working to expand customer acquisition and sales growth in the U.S. market into 2025 and beyond. Mene also introduced around 30 new product designs and continues to enhance its digital marketing and sales platforms to foster a strong direct-to-consumer engagement model. Mene's business model is distinguished by its lifetime buyback guarantee, allowing customers to resell jewelry at current spot prices minus a 10% fee, reflecting the transactional value of the metals rather than just retail markup. This, combined with an online dashboard tracking market value and facilitating buy and transfer options, positions Mene uniquely in the luxury jewelry and investment sectors. The company maintains strong insider ownership, including significant stake holdings by Goldmoney Inc., its parent company, which complements Mene's position in the precious metals market. Mene primarily serves retail consumers globally, focusing on markets in North America with ongoing plans for international expansion. Overall, Mene Inc. operates within the luxury jewelry and precious metals investment industry, targeting affluent customers who value both craftsmanship and the intrinsic investment value of gold and platinum. The company is recognized for its innovation in pricing transparency, operational efficiency, and customer loyalty driven through repeat purchases and an ethically conscious supply chain. This description reflects the company's core activities, recent operational and strategic shifts, product offerings, and market positioning as of late 2025.
Mene Inc. Reports Financial Results for the First Quarter 2026
Mene Inc. Reports Financial Results for the Fourth Quarter and Year Ended 2025
Mene Inc. Reports Financial Results for the Third Quarter 2025
Mene Inc. Reports Financial Results for the First Quarter 2025
Mene Inc. Reports Financial Results for the Fourth Quarter and Year Ended 2024
Mene Inc. Reports Financial Results for the Third Quarter 2024
Mene Inc. Announces Change in CFO
Mene Inc. Announces Grant of Stock Options
Mene Inc. Reports Financial Results for the First Quarter 2024
Mene Inc. Reports Financial Results for Fiscal Year 2023
Mene Inc. Announces Full Repayment of Goldmoney Inc. Precious Metals Loan
Mene Inc. Reports Financial Results for the Third Quarter 2023
Menē Inc. Announces Appointment of New President & Chief Executive Officer
Mene Inc. Reports Financial Results for the Second Quarter 2023
Menē Inc. Announces Change in CFO
Menē Inc. Announces Adoption of Restricted Share Unit Plan
Banking Faces Seismic Changes
Mene Inc. Reports Financial Results for First Quarter 2021
Menē Inc. Reports Financial Results for the Fourth Quarter and Fiscal Year 2020
Menē Inc. Announces Closing of Debt Retirement