Zale, Signet Talks End

Preliminary talks about a possible merger between the Signet Group and Zale Corp.—the world’s two largest jewelry retailer groups—ended June 12, a day after the talks were revealed by a London newspaper. “The preliminary discussions have been terminated,” Walker Boyd, Signet Group finance director, told JCK. “We acknowledge we had some discussions about a possible merger, but these talks have ended and gone no farther. … We won’t go into the issues of why or why not the talks ended. That should be left between the two companies.” The talks between Signet and Zale were originally reported June 12, without attribution, in Britain’s TheMail on Sunday newspaper. Shortly after that, Signet’s board of directors issued a brief statement confirming the report. TheMail on Sunday report claimed Zale Corp. approached Signet a few months ago. Previously, in an investor co
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