GLG News Analyses of the following article:

Breeden continues building stake in jeweler Zale

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Published at: www.reuters.com

Richard Breeden Shows Confidence, Increases Stake In Zale Jewelers

January 10, 2008

GLG Expert Contributor

Richard Breeden of Breeden Capital Management has increased his holdings of Zale Corp claiming that the company is undervalued. An activist investor, Mr Breeden has stated, that he may initiate a major transaction in the company in the future.

Breeden Eyes on Zale

January 10, 2008

GLG Expert Contributor

Breeden aims on Zale and became a Stake Holder in Zale INC. They want to be in management to improve things in Zale and want to work for it.

Nicholas White, President

Nicholas WhitePresidentRetail Horizons, Inc 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Breeden Capital Draws To An Inside Straight Accumulating More Zale Stock

January 9, 2008

Dollar averaging down, Breeden Capital reduces its break-even point for its stake in Zale as it considers alternative exit strategies.   

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