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Website. www .zales .com. A Zales store on the second floor of the Lehigh Valley Mall in Whitehall Township, Pennsylvania, October 2020. The Zale Corporation (best known as Zales) is an American jewelry retailer, incorporated in Delaware in 1993. The principal executive offices are located in Coppell, Texas.
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. In August 2017, it was announced that Signet Jewelers Ltd. agreed to buy R2Net, owner of online jewelry retailer JamesAllen.com, for $328 million.
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. This merger created a $6.2 billion firm. In July 2017, Virginia Drosos was appointed CEO of Signet Jewelers Ltd., replacing Mark Light, who had served as CEO since October 2014.
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.
Zale was the top performer in its peer group for a considerable amount of time, having enjoyed stock appreciation of 264% over the past three years. During this same time frame, Signet Jewelers ...
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.