GLG News by Mr. Nicholas White, President
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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Jewelers face higher risk in diamond supply, price volatility and demand
November 9, 2011
DeBeers's managing owner, Nicky Oppenheimer, said the family has sold its shares in the business to AngloAmerican, which will control about 85% of the legendary diamond group. According to the JCK report, AngloAmerican “has embraced modern corporate governance, and is considered well-run and professional.” That is business speak for maximizing shareholder value, which means selling a lot more diamonds at today’s inflated prices at retailers like Zale, Signet, Tiffany, Blue Nile and Birks & Mayors.
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Young Billionaires Capitalize on New Consumer Norms
September 23, 2011
The Forbes 400 | www.forbes.com
Whether by design or luck, consumers’ need for safety and belonging appears to be the force behind some of America’s newest fortunes.
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September 8, 2011
One year after Zale began its fourth (or is it fifth or sixth?) turnaround attempt since 2003, the company’s newest and least experienced management team seems headed for mediocrity at best, and failure at worst, as pricing decisions catch up with management. Managers cannot be held accountable for inflation, speculation, or underlying changes in the economy, but they are responsible for planning, pricing, assortments, inventory levels and positioning strategy.
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Putting Zale’s (ZLC) Challenges into Context
January 9, 2011
Investors cautious on Zale as sales report nears | www.dallasnews.com
As Zale prepares to announce November and December sales, what seems important is to put 2010 events into context. Here is more.
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Zale (ZLC) Ranked Riskiest Retailer
October 14, 2010
Zale records $45.8 million in charges related to credit risk | m.dallasnews.com
Once America's number 1 retail jeweler, Zale now has the distinction of being Forbes' number one riskiest retail investment. Here is more.
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Zale (ZLC): Is the End In Sight?
September 30, 2010
Zale CEO Discusses F4Q2010 Results - Earnings Call Transcript | seekingalpha.com
Despite new capital, a new board, and a new CEO, Zale still faces the same product, merchandising, value, and positioning problems that created the liquidity crisis in January 2010. Here is more.
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Will Golden Gate Get It Wrong by Investing In Zale (ZLC)?
July 24, 2010
Zale shareholders expected to OK Golden Gate Capital plan | m.dallasnews.com
With the economy softening, Golden Gate has big decisions to make before investing in Zale. Here is more.
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Movado (MOV) Struggles to Find Its Place In a Changing Market Place
June 24, 2010
Movado taps Faranda for new senior VP post | www.nationaljewelernetwork.com
Movado continues to struggle, here are some reasons why.
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Nine Reasons Why 2010 Will Likely End Poorly for Zale.
June 21, 2010
UPDATE 1-Zale must pay or Citibank will sever agreement | www.reuters.com
Zale’s in ability to get its financial house in order jeopardizes the company's very survival. But, that may be the least of Zale's problems. Here's more.
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Zale’s (ZLC) New Loan-A Bridge to Where?
May 18, 2010
With a Shiny New Financing Deal, Can Zale Regain Its Luster? | www.dailyfinance.com
Zale's new loan may not be the bridge to success hoped for. Here's why.
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Zale(ZLC) Attracts Bears, But No Cash!
May 4, 2010
Zale Corp Attracts Bears…Again | www.benzinga.com
Time is running out for Zale Corporation as debt holders and prospective investors try to cut a deal. Still, what ever the deal, cash alone may not make the difference between success and failure. Here's more
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Is the Zale (ZLC) Deal Uncertain as Ever?
April 8, 2010
Zale Stake Finalists Said to Include TPG, Golden Gate (Update2) | www.businessweek.com
Despite optimistic press leaks, Zale still doesn't have a deal and time is running out. Whether Zale can make a deal remains as uncertain as ever, but the real question is should it? Here's more.
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Zale's (ZLC) Upside Thin as Board Eyes New Deal-Revised
March 25, 2010
Time is running out for Zale as its board continues to look for new money to keep the business out of Chapter 11. But afloat for what. Here's more.
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Zale's (ZLC) Upside Thin as Board Eyes New Deal
March 23, 2010
Zale Corporation Shares Up On Report Of Talks With Sun Capital Partners Inc.-Reuters | www.reuters.com
Time is running out for Zale as its board continues to look for new money to keep the business out of Chapter 11. But afloat for what. Here's more.
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March 10, 2010
Major Zale investor has dumped most shares | www.reuters.com
Zale's second largest shareholder dumps the majority of its Zale holding, suggesting there may not be a deal to be made to recapitalize the company. Here is more.
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Zale Corporation (ZLC)-Will Breeden Capital Management be the Big Winner?
February 26, 2010
Zale (ZLC) NewsBite - ZLC Earnings Top Forecasts | www.marketintelligencecenter.com
As a bevy of eager buyers look to invest in Zale or buy its divisions, Breeden Capital Management stands to be the big loser if you believe Richard Breeden will just write off $200 million and go away. On the other hand, all tis activity could be nothing more than smoke and mirrors to provide a foundation for buying absolute control of Zale and taking it private. Here is more.
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Zale's Board Finally Face Hard Choices, But Are They Too Late?
February 24, 2010
Apollo Seeks Stake in Zale | online.wsj.com
Zale waited until the last minute to begin to restructure the company. Now with Christmas 2010 planning and buying fast approaching deadlines, the company is already behind the planning and execution curve form FY 2010. Here is more.
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February 10, 2010
Zale Corporation Retains Peter J. Solomon Company | www.businesswire.com
Zale crossed a line when it hired P.J. Solomon. What ever the out come the company as the market and the industry has know it will never be the same again. Here's more.
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Did Zale (ZLC) Board Fumble Again?
February 5, 2010
Struggling Zale Looks to Suppliers for Cash | online.wsj.com
Zale approach to suppliers was unsophisticated and showed a complete lack of understanding of the industry. Here's more.
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Is Michael Hiil (MHI) Zale's (ZLC) Best Hope?
February 2, 2010
Zale Next Retail Bankruptcy: Poll Predicts | www.thestreet.com
As Zale struggles to survive, other jewelry companies are looking to change the geography of jewelry retailing in North America. Michael Hill International could be Zale's last best hope. Here's more.
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