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In 1999 and 2000, Zale expanded with two major acquisitions: Peoples Jewellers of Canada and Piercing Pagoda. In 2007, the company divested its Bailey Banks & Biddle brand to Finlay Enterprises. [10] In February 2014, Signet Jewelers agreed to buy Zale Corporation, with Zale shareholders receiving US$21 a share in cash in US$1.3 billion deal. [11]
Zale Corporation Expands U.S. Customer Financing Options Partnership Launched with Genesis Financial Solutions, Inc. DALLAS--(BUSINESS WIRE)-- Zale Corporation (NYS: ZLC) today announced the ...
Back in early February, Zale Corporation (ZLC) -- which operates Zales Jewelers -- hired turnaround firm, Peter J. Solomon, to help the retailer deal with its suffocating debt load. Since then ...
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]
Zale Corporation Reports Third Quarter Fiscal 2013 Results Net earnings of $5 million, or $0.13 per diluted share, compared to a loss of $5 million in the prior year quarter Gross margin of 52.6 ...
In February 2015, the company's senior vice president of field operations estimated that the company's past commitments to the St. Jude amounted to more than $90 million. [8] 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 ...
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Zale opened many Bailey Banks & Biddle stores in numerous cities. In 2007, Zale Corporation sold the 65-store jewelry chain to Finlay Enterprises . [ 5 ] Finlay Enterprises filed for Chapter 11 bankruptcy in August 2009, [ 6 ] and Bailey Banks & Biddle was relaunched as a private company by the new owners in the spring of 2010.