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Signet Jewelers Ltd. (Ratner Group 1949–1993 then Signet Group plc to September 2008) is, as of 2015, the world's largest retailer of diamond jewellery. [1] The company is domiciled in Bermuda and headquartered in Akron, Ohio , and is listed on the New York Stock Exchange .
The Ratners Group consisted of Ratners, H. Samuel, Ernest Jones, Leslie Davis, Watches of Switzerland, and over 1,000 shops in the United States, including Kay Jewelers. Although widely regarded as "tacky", [ 5 ] the shops and their wares were nevertheless extremely popular with the public, until Ratner made a speech addressing a conference of ...
In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation, with Zale shareholders receiving US$21 per share in cash in a US$1.4 billion deal. This merger created a $6.2 billion firm. [9] In August 2017, it was announced that Signet Jewelers Ltd. agreed to buy R2Net, owner of online jewelry retailer JamesAllen.com, for $328 million. [10]
When Gina Drosos took over as CEO at Signet Jewelers in 2017, she inherited a company with a broken culture, seen by many as hostile to women employees, and a business in decline. Now, more than ...
Margins matter. The more Signet Jewelers (NYS: SIG) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
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H. Samuel was bought by Ratner's Jewellers in 1986; after that brand's spectacular fall from grace in 1992, the Ratner Group rebranded as the Signet Group, and existing Ratner's stores were rebranded with the H. Samuel name. [3] In 2005 the chain launched its first e-commerce site. [4] In 2008, the company employed 17,200 people.
When Gina Drosos took over as CEO in 2017 of Signet Jewelers (SIG), the first woman to lead the world's largest diamond jewelry retailer, she was tasked with transforming the company — from its ...