1/12/2024 0 Comments Zales online shopping![]() ![]() The stock has dropped more than 32% year to date. Zales Outlet stores carry a unique selection of merchandise from famous-maker Swiss watches. Signet shares closed Tuesday down 12% at $59.75. Representatives for Blue Nile, Mudrick and Bain didn't immediately respond to CNBC's request for comment on why the deal fell through. SPAC deals' performance has lagged the broader market as investors lose appetite for riskier growth names.īlue Nile recorded revenue of more than $500 million in calendar 2021. The person requested anonymity because the talks are private. Also, this person added, Bain was eager to cash out of the company and Signet had approached Blue Nile already last year about an acquisition. Zales offers gold, cultured pearls and an. In 2016, Blue Nile was taken private by Bain Capital Private Equity and Bow Street, a private investment firm, in a $500 million deal.Ī person familiar with the talks between Mudrick and Blue Nile said their exclusive window was about to expire. View your balance, transactions, statement and make or schedule a payment 24 hours a day, 365 days a year. Zales Jewelers has a broad selection of classic and contemporary styles. And it would have marked Blue Nile's return to the public markets. The merger had valued the combined business at the time at $873 million. had said they agreed to combine in a deal that would allow the jewelry brand to go public via a SPAC. It said the transaction will likely not be accretive to the business, however, until the fourth quarter of fiscal 2024.Įven in a down market, Drosos said, the company's strong balance sheet and "dry powder" allowed it to fund an acquisition of Blue Nile to grow market share.Įarlier this year, Blue Nile and special purpose acquisition company Mudrick Capital Acquisition Corp. Shop our selection of necklaces, earrings, and more to find the perfect. Signet said the deal, which will be funded with cash on hand, is expected to close in the fiscal third quarter. Shop the perfect piece of jewelry for any occasion at Jared The Galleria of Jewelry. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower /rebates/2fcollections2fonline-exclusives2fc2f0103030100&. Best Debt Consolidation Loans for Bad Credit ![]()
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