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Slide #6. Signet Jewelers Ltd — Exelco Diamond Polishing Factory in Gaborone, Botswana
Acquirer:
Signet Jewelers Ltd (NYSE:SIG)
Acquiree:
Exelco Diamond Polishing Factory in Gaborone, Botswana
Details:
Signet Jewelers Ltd ("Signet") (NYSE: SIG) (LSE: SIG), the largest specialty retail jeweler in the US and UK, announced today that it has acquired a diamond polishing factory in Gaborone, Botswana from H&A Cutting Works (Botswana) (Proprietary) Ltd., a subsidiary of Exelco International Limited.
Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. operates retail jewelry stores in a variety of real estate formats including mall-based, free-standing, strip center and outlet store locations. Co. has three reportable segments: North America, which operates a variety of mall-based regional banners, including Gordon's Jewelers in the U.S. and Mappins Jewellers in Canada, and JamesAllen.com; International, in which its stores operate in shopping malls and off-mall locations under the H.Samuel and Ernest Jones banners; and Other, which includes subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
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