Kay Jewelers Goes Ring Shopping With $690M Buyout of Zale
Kay Jewelers and Zales Completing a years-long turnaround, jeweler Zale inked a $690 million buyout on Wednesday from Kay Jeweler owner Signet Jewelers. The transaction marries two of the leading U.S. jewelry retailers, creating a company with combined sales of $6.2 billion and well-known brands such as Kay Jewelers, H.Samuel and Ernest Jones. Signet, which …
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