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Slide #27. Signet Jewelers Ltd. — Ultra Stores, Inc.
Signet Jewelers Ltd. (NYSE:SIG)
Ultra Stores, Inc.
Signet Jewelers Ltd. the largest specialty retail jeweler in the US and UK, announced that it has signed a definitive agreement to acquire Ultra Stores, Inc. from Crystal Financial LLC. and its other stockholders for approximately $57 million in cash. Signet will not assume any debt in connection with the acquisition. Founded in 1991, Ultra Stores is a leading jewelry retailer operating primarily in outlet centers, as well as licensed jewelry departments.
Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. operates stores and kiosks in the U.S., U.K. and Canada. Co. has three reportable segments: North America, International and Other. The North America reportable segment operates across the U.S. and Canada. Its U.S. stores operate nationally in malls and off-mall locations. The International reportable segment operates stores in the U.K., Republic of Ireland and Channel Islands. The Other reportable segment consists of non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
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Hold (2.25 out of 4)