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🠈  Signet / Sterling Jewelers  🠊

Signet Group

Signet Group PLC (based in Hamilton, Bermuda) is the world's largest specialty jeweler with over 17,000 employees and over 1900 stores in England, the US, Ireland and other choice locations [drawn from Wikipedia 9/12]. Brands owned by the company include Kay Jewelers, Jared The Galleria Of Jewelry, Sterling Jewelry, Ernest Jones, Morgan and Marks, Osterman Jewelers, Sterling Gold Exchange, Friedlanders, Goodman Jewelers, Weisfield Jewelers, and others.

The company was founded by Gerald Ratner. It expanded through organic growth through its first decades. The company began a phase of aggressive expansion in the 1980s. Much of their growth came by selling costume jewelry at premium prices.

In a famous incident. Gerald Ratner gave a speech with jokes about the low quality of the jewelry which went viral. The stock price plummeted. The company was forced to close stores. The company fired Ratner and changed its name. Scholars coined the phrase "Doing a Ratner," It is estimated that he lost the company $10 billion in ten seconds.

Signet trades on the NYSE with the symbol SIG. You can find information on employment at the site Sterling Careers.

Corporate History

This section shows select transactions in the merger chain.

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