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Signet Completes Zale Corporation Acquisition

Signet Completes Zale Corporation Acquisition

Bermuda-based Signet Jewelers Ltd — the largest specialty retail jeweler in the US and the UK — has completed its acquisition of Zale Corporation for $21 per share in cash and a total consideration of $1.46 billion following the approval of the transaction by a majority of Zale’s stockholders at the Zale special meeting held earlier... Read more of this article

Signet Jewelers Agrees To Acquire Zale Corp

Signet Jewelers Agrees To Acquire Zale Corp

Bermuda-based Signet Jewelers Ltd. has agreed to acquire Zales in a $1.4 billion deal. The acquisition will strengthen Signet’s presence with some of the most recognizable jewelry store brands in the world, each operating as stand-alone brands including Kay Jewelers, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Zales, and Peoples. Signet... Read more of this article

Fiscal 2012 ‘Outstanding Year For Signet’

Fiscal 2012 ‘Outstanding Year For Signet’

Bermuda-incorporated Signet Jewelers Ltd., the largest specialty retail jeweller in the US and the UK, today [Mar.22] announced its results for the 13 weeks and for the 52 weeks ended January 28, 2012. Highlights include:Same store sales up 9.0% Income before income taxes $502.1 million, up 67.1% Diluted earnings per share $3.73, up 60.8% The board... Read more of this article

Stitzer To Replace Signet’s Sir Malcolm

Stitzer To Replace Signet’s Sir Malcolm

Bermuda-domiciled Signet Jewelers Limited today [Dec. 6] appointed H. Todd Stitzer as an independent director, effective January 9, 2012. Mr. Stitzer was, until its acquisition by Kraft, Inc. in 2010, the Chief Executive Officer of Cadbury PLC, having joined that company in 1983 as Assistant General Counsel for North America, before moving into strategic... Read more of this article

Signet’s $300m Share Repurchase Programme

Signet’s $300m Share Repurchase Programme

Bermuda-domiciled Signet Jewelers Ltd. — the world’s largest speciality retail jeweller — this week announced that its board of directors has authorised a programme to repurchase up to $300 million common shares. The repurchase programme will be funded through Signet’s existing cash balances. Repurchased shares may be used by... Read more of this article

Signet Jewelers Posts 3rd Quarter Profit

Signet Jewelers Posts 3rd Quarter Profit

Bermuda-headquartered Signet Jewelers Limited, which operates various chains in the U.S. and U.K. including “Kay Jewelers,” “Jared The Galleria Of Jewelry,” “H.Samuel,” “Ernest Jones” and “Leslie Davis”, posted a fiscal third-quarter profit today [Nov 23], reversing a year-ago loss. For the... Read more of this article

Signet Jewelers Appoints Michael Barnes as CEO

Signet Jewelers Appoints Michael Barnes as CEO

Bermuda-headquartered Signet Jewelers Limited today (Sept 29) announced that it has appointed Michael Barnes as CEO with effect from January 30, 2011. He will join Signet on December 1, 2010 as Chief Executive Officer Designate and will be based in Akron, Ohio. He succeeds Terry Burman who will retire, as previously announced, on January 29, 2011. Signet... Read more of this article

Bermuda Based Jewelers Post $117 Million Profit

Bermuda Based Jewelers Post $117 Million Profit

Bermuda domiciled retail giants Signet Jewelers Ltd today [Mar 25] reported a fourth-quarter net income of $117.20 million. Signet operates almost 1,400 stores across the United States including Kay Jewelers and Jared. They have a further 550 stores in the United Kingdom included H. Samuel and Ernest Jones. The company holds number one positions in... Read more of this article