Add-on Acquisition • Retail

Zale Acquires Gordon Jewelry

On May 24, 1989, Zale acquired retailer Gordon Jewelry for 311M USD

Acquisition Context

This is Zale’s 1st transaction in the Retail sector.
This is Zale’s largest (disclosed) transaction.
This is Zale’s 1st transaction in the United States.
This is Zale’s 1st transaction in Texas.

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M&A Deal Summary
Date	May 24, 1989
Target	Gordon Jewelry
Sector	Retail
Buyer(s)	Zale
Deal Type	Add-on Acquisition
Deal Value	311M USD

Target Company

Gordon Jewelry

Houston, Texas, United States

Gordon Jewelry Corp. is a Houston based retail jewelry company.

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Buyer Overview 1

Buyer

Zale

Irving, Texas, United States

Category	Company
Founded	1924
Sector	Retail
Employees	11,900

DESCRIPTION

Zales storefront in the Miller Hill Mall of Duluth, Minnesota.

Zale Corp. is a retailer of diamond and other jewelry products in North America, operating approximately 1,680 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.

Deal Context for Buyer	#
Overall	1 of 3
Sector: Retail	1 of 1
Type: Add-on Acquisition	1 of 3
State: Texas	1 of 1
Country: United States	1 of 2
Year: 1989	1 of 1
Size (of disclosed)	1 of 2

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
1999-01-01	Peoples Jewellers North York, Ontario, Canada Peoples Jewellers Corp. is a online retailer of jewelry's.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

1999-01-01

Peoples Jewellers

North York, Ontario, Canada

Peoples Jewellers Corp. is a online retailer of jewelry's.

Buy

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