Signet Jewelers (SIG) Acquires Blue Nile for $360M Cash, Updates FY23 Guidance
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Signet Jewelers Announces Strategic Acquisition of Blue Nile, Inc. and Updates FY23 Guidance
August 9, 2022 6:49 AM EDTStrengthens leadership in Bridal and Accessible Luxury Accelerates Connected Commerce capabilities and Digital reach
HAMILTON, Bermuda, Aug. 9, 2022 /PRNewswire/ --Â Signet Jewelers Limited ("Signet" or the "Company") (NYSE: SIG), the world's leading retailer of diamond jewelry, today announced it has signed a definitive agreement to acquire Blue Nile, Inc. ("Blue Nile"), a leading online retailer of engagement rings and fine jewelry, for $360 million in an all cash transaction. Blue Nile delivered revenue of more than $500 million in calendar year 2021.
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