A Weil team is advising Signet Jewelers Limited, the largest specialty retail jeweler in the US and the UK, in the company’s $1.4 billion acquisition of Zale Corporation, a leading specialty retailer of fine jewelry in North America. The transaction is subject to stockholder approval, certain regulatory approvals and customary closing conditions.
The acquisition brings together two of today’s leading jewelry retailers, with six of the most recognizable brands across three countries: Kay Jewelers, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Zales, and Peoples. The two companies have combined sales of $6.2 billion.
The Weil team on this transaction includes Corporate partners Andrea Bernstein and Michael E. Lubowitz and associates Jennifer Cheng, Gabriel Gershowitz, Jamie W. Lurie, Mike Ray, and Dening Kong (not yet admitted to practice) (all in New York); Antitrust partner Steven Newborn (Washington, DC), associate Brianne Kucerik (Washington, DC), and Jane Cooper (not yet admitted to practice) (New York); Tax partner Helyn S. Goldstein and associate Andrew C. Pelzer (both in New York); Employee Benefits partner Amy M. Rubin, associate Joshua Gelfand, and Amanda Rosenblum (not yet admitted to practice) (all in New York); Technology & IP Transactions partner Michael A. Epstein and associate Adrian J. Perry (both in New York); IP/Media Litigation partner Randi Singer (New York); Employment Litigation counsel Lawrence Baer (New York); Insurance/Reinsurance partner Joe Verdesca (New York); and Banking & Finance partners Daniel Dokos, Jennifer A. Bensch and John J. Dedyo, counsel Ariel Kronman, and associates Alicia Alterbaum, Daniel Lee, Eugene J. Ng, and Peter T. Puk (all in New York).
