Signet Looking For More Retail Acquisitions

Jewelry
14/09/2015 08:22

Despite acquiring the Zale chain last year and being by far the largest retail jewelry chain in the United States with more than 3,000 stores, Signet Jewelers is looking at more “interesting avenues” for possible acquisitions, the company’s chief financial officer Michele Santana told a Goldman Sachs investment conference. She told the meeting that a “brand acquisition” was possible and also hinted at overseas opportunities, saying, “We would also look at the English-speaking countries first, before we would start even entertaining [going into] China and other international locations.”

Meanwhile, CEO Mark Light gave a clue that the firm may decide to concentrate on the U.S. market, saying its biggest opportunities were there and that its current market share was under 10 percent, as the market is still dominated by independents.