M&A Deal Summary

Zale Acquires Gordon Jewelry

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 1989-05-24
Target Gordon Jewelry
Sector Retail
Buyer(s) Zale
Deal Type Add-on Acquisition
Deal Value 311M USD

Target

Gordon Jewelry

Houston, Texas, United States
Gordon Jewelry Corp. is a Houston based retail jewelry company.

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Buyer(S) 1

Buyer

Zale

Irving, Texas, United States
Category Company
Founded 1924
Sector Retail
Employees11,900
DESCRIPTION
Zales storefront in the Miller Hill Mall of Duluth, Minnesota.
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 STATS #
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.

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