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Stock impact report

Gerald Ratner plots to buy back jewellery empire he ruined [Yahoo! Finance]

Signet Jewelers Limited Common Shares (SIG) 
Last signet jewelers limited common shares earnings: 3/26 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
The businessman, 76, is seeking to acquire the H Samuel and Ernest Jones chains from US-listed Signet Jewelers and install himself as chairman after he lost control of the businesses in the early 90s. Mr Ratner has launched an appeal to the shareholders behind the brands as part of a bid to purchase the loss-making UK arms, which he said he has been pursuing since the summer. The brands were once part of Ratners Group, the firm that Mr Ratner was forced to exit after he declared their products were “total c--p” in a speech at the Institute of Directors. Mr Ratner also remarked that some of the firm's earrings were “cheaper than a prawn sandwich at Marks & Spencer – but I have to say, the sandwich will probably last longer than the earrings”. The fallout gave rise to the phrase “to do a Ratner”, which means to make a disastrous own goal Mr Ratner said he was attempting to acquire the UK division of Signet – which was formerly Ratners Group before it was rebranded – because h Show less Read more
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