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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. manages its business as 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. Its stores operate in shopping malls and off-mall locations (i.e. high street). The Other reportable segment consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
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