Signet Jewelers buying Zale for about $900 million

Associated Press

NEW YORK

All the single ladies: Put your hands up.

The largest U.S. jewelry chain on Wednesday decided to put a ring on its much smaller rival, creating a $6 billion jewelry juggernaut with expansive reach in North America.

Signet Jewelers, owner of Jared The Galleria with its “He went to Jared” slogan and Kay Jeweler with its “Every Kiss Begins with Kay” ads, agreed to buy Zale for roughly $900 million.