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The company began in 1924 in Wichita Falls, Texas, when the two Russian-Jewish immigrant brothers Morris (M. B.) Zale and William Zale (born Zalefsky/Zalewski), along with Ben Lipshy opened the first Zales Jewelers store [5] (now a division in the multi-division company). As a marketing strategy, the Zale brothers instituted a credit plan ...
In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation, with Zale shareholders receiving USD$21 a share in cash in USD$1.4 billion deal. [10] This merger created a $6.2 billion firm. [10] In July 2017, Virginia Drosos was appointed CEO of Signet Jewelers Ltd., replacing Mark Light, who had served as CEO since October 2014. [11]
The company was founded in 1910 by Henry Shaw (the father of Jerry Shaw, the chairman emeritus of Sterling today), from LeRoy's Jewelers in Lorain, Ohio. Sterling Jewelers is a wholly owned subsidiary of UK-based Signet Jewelers Limited (listed on the New York Stock Exchange under the symbol SIG), having been acquired in 1987.
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The company's headquarters were in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain. In June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx, which still exists today. A number of stores ...
Mark C. Vadon, then a management consultant at Bain & Company, purchased a diamond engagement ring from the site in 1998. [3] In 1999, Vadon raised $6 million to purchase 85% of the company and improve the website. [3] The company's name was changed to Blue Nile in November 1999. [4] During the next year, the company raised an additional $44 ...
She's the CEO of Signet Jewelers, the $7.8 billion-in-revenue company behind jewelry brands Jared, Kay, and Zales. And when she took over as CEO six years ago, Signet made a pivot into data.
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