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.
May 24, 2007 |
The first quarter was a tough one for many retailers, so Target Corp.'s 18% profit growth took investors by surprise . Despite worries about rising gasoline prices and a cool, wet April keeping some shoppers away, the Minneapolis-based retailer managed what Wal-Mart Stores Inc. and jeweler Zale Corp. could not.