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In May 2006, Zale settled a securities fraud class action with Milberg-Weiss for $6 million USD and fired the CEO, COO, and CFO based on a whistleblower's testimony: COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS INTRODUCTION This is a securities class action on behalf of all persons who purchased the common stock of Zale Corporation ...
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]
He also was a president of Zale Corporation from August 5, 2008 to September 23, 2010 and interim chief executive officer from January 13, 2010 to September 23, 2010. Killion occupied the position of the chief executive officer of Zale Division and president of Zale Division at Signet Jewelers Limited from May 29, 2014 to July 31, 2014.
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.
Bailey Banks & Biddle was formerly owned by Zale Corporation. They competed with other high-end retailers such as Tiffany and independent jewelry stores. The name "Zell Bros" was used for one location. The stores tended to carry many high-end designer lines, including Scott Kay, Tacori, Ritani, Mikimoto, and David Yurman. Stores use the slogan ...
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Zale (band), a Romanian hip-hop group; Zale, a genus of noctuid moths Zale intenta, a type of moth native to Nova Scotia; Zale metatoides, a type of moth found in Wisconsin; Zale minerea, a type of owlet moth; Žale, a cemetery in Ljubljana, Slovenia; Zale Corporation, a retail jewelry chain commonly referred to as "Zales"
Sterling Jewelers, Inc. is an American specialty jewelry company headquartered in Akron, Ohio.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.