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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), along with Ben Lipshy opened the first Zales Jewelers store [5] (now a division in the multi-division company).
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.
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 .
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]
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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. The new owners bought ...
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