October 30, 1986
Peoples said that it and a new partner had offered $50 a share in cash, or about $544 million, to acquire Zale Corp., a Dallas-based jewelry retailer that had rejected three earlier offers that Peoples had made on its own. Peoples, a Toronto-based retail jeweler which holds a 14.4% stake in Zale, said it was joined in its latest bid with Swarovski International Holding AG, a diversified industrial holding company based in Zurich, Switzerland.
February 25, 1987
The Duarte, Calif., company, which went public last April, said it agreed to purchase 63 Mission Jewelers stores in the Southwest and Southeast from Zale Corp. and nine jewelry stores in Oklahoma and Texas from a privately owned company. The stores, to be bought for an undisclosed amount of cash, will bring the company total to 209. The company also disclosed that it expects net income per share for the fiscal year ending May 31 to be 20% to 35% below the 87 cents a share in the previous year.
CALIFORNIA | LOCAL
June 1, 2002
Ken Gjemre, 81, who dropped out of corporate life to found the successful Half Price Books chain, died Monday) of prostate cancer at his home in Ojai. Half Price Books, which has locations in 11 states, including several in Northern California, began in 1972 when Gjemre quit his job as a Zale Corp. executive and borrowed $4,000 to launch his own business.
February 19, 2014 |
Retail buyers from around the world have descended on Las Vegas for the twice-yearly Magic Market Week, the fashion industry's largest trade show. An estimated 80,000 people are in town for the collection of Magic events and associated smaller shows, at which thousands of brands will strut their clothing, footwear, jewelry and other accessories at multiple glittering venues. The show's scope is reflected in its slogan: See what the world will be wearing. The trade show began in much more modest style in 1933 by the quaintly named Men's Apparel Guild in California.
May 24, 1989 |
Zale Corp., the nation's largest jewelry chain, said today it will pay $310.9 million for Gordon Jewelry Corp., the No. 2 chain with more than 600 stores. Gordon stock, which already had been trading at record levels on speculation that the company would be sold, shot up more than $6 on the news to near the proposed sale price of $36.75 a share. Gordon, founded as a general store in Houston in 1905, had a net profit last year of $6.2 million on sales of $389.6 million. About two-thirds of Gordon's stores sell contemporary, moderately priced jewelry, almost exclusively in shopping malls.