Legal News

Signet to Acquire Retail Jeweler Zale Corporation
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The largest specialty retail jeweler in the US and the UK, Signet Jewelers, and Zale Corp., another fine jewelry retailer in North America, have entered into an agreement for Signet to acquire all of the issued and outstanding stock of Zale for $21 per share in cash consideration. This transaction brings together two of today’s leading jewelry retailers. Zale Corp. has 1,680 retail locations in the US, Canada and Puerto Rico. Its brands include Zales Jewelers, Zales Outlet, Gordon’s Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Forbes has reported that the deal is estimated to have an enterprise value of $1.4 billion. It has also been reported that this merger will create a $6.2 billion firm.

Mike Barnes, Signet’s Chief Executive Officer, stated that “This transformational acquisition further diversifies our businesses and extends our international footprint, opening the door to greater growth and innovation across the enterprise.” Zale CEO, Theo Killion, reported that “Having successfully completed our multi-year turnaround program to return to profitability, Signet’s operating strengths will enable us to accelerate Zale’s performance improvement for the benefit of our current and future guests,” according to Market Watch.

  
What
Where


The purchase marks the biggest acquisition yet for Signet, reported Bloomberg News, which also shared that investor’s, applauded the deal and Signet’s stock up is 17 percent to $92.79. The transaction is subject to Zale stockholder approval, certain regulatory approvals as well as customary closing conditions.

For information on employment opportunities with Signet, readers can click here.

Image Credit: www.usatoday.com

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Associate Attorney

USA-FL-Orlando

ALAW, an established, multi-state real estate and creditors’ rights law firm, is seeking a qua...

Apply now

Real Estate / Estate Administration Paralegal

USA-PA-York

Small central Pennsylvania law firm seeking organized, reliable, and highly motivated full-time real...

Apply now

CASE MANAGER / GENERAL COUNSEL

USA-TX-Houston

Dolcefino Consulting is a fast-paced investigative media consulting company that is hired by law fir...

Apply now

Attorney

USA-NY-New York City

ATTORNEY WITH 3 TO 5 YRS. EXPERIENCE IN PLAINTIFFS MEDICAL MALPRACTICE, MUST BE ABLE TO CONDUCT DEPO...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

BCG Attorney Search In-House Counsel

USA-CA-Los Angeles

BCG Attorney Search In-House Counsel We are a Legal Employment Company located in California with o...

Apply Now

FDA Regulatory Attorney

USA-MA-Boston

Boston office of a BCG Attorney Search Top Ranked Law Firm seeks FDA regulatory attorney with 3-4 ye...

Apply Now

Foreclosure/Bankruptcy Associate Attorney

USA-CA-Temecula

Temecula office of our client seeks associate attorney with preferably 2 years of experience working...

Apply Now

SEARCH IN ARCHIVE

To Top