The largest U.S. jewelry chain on Wednesday decided to put a ring on its much smaller rival, creating a $6 billion jewelry juggernaut with expansive reach in North America. Signet Jewelers agreed to buy Zale for roughly $900 million.
It was announced Wednesday that Signet Jewelers is buying the Irving-based Zale Corp. for about $690 million to help diversify its business and expand further internationally.
Police in Fort Worth are searching for a suspect who has robbed two Zales stores, one in Fort Worth and another in Arlington, and got away with “a substantial amount” of jewelry.
Zale Corporation’s fiscal second quarter net income climbed 43 percent during the critical holiday period, as shoppers snapped up items from its exclusive collections.
Jewelry company Zales is teaming up with pop music artist Jessica Simpson on an exclusive collection of diamond fashion jewelry.