Signet

Article Abstract:

Signet is a British jewelry retailer and has undergone a recovery in profits in the six years to 1999, though investors are still wary of the company. Signet's debt levels rose as a result of funding expansion in the US, and the company had to undergo financial restructuring. Preference stocks became ordinary stocks in 1997 but the impact of this restructuring continued with the sale of ordinary stocks by holders of preference stocks. Profit margins are improving, and the US investments are performing well. There is also potential for expanding sales in Britain.

Signet Group PLC

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Upmarket jewellery loses its glitter

Article Abstract:

Theo Fennel is a jeweler which has been affected by the strength of pound sterling and problems in the luxury goods market. The company's profit for 1997 was better than forecast, but was flat. The company's results for 1998 to 1999 will be affected by the cost of overseas openings. Theo Fennel aims to open a store in Manhattan following an exhibition in 1998. The company will have to seek new markets while the pound is strong and Asia is affected by economic crisis.

Jewelry, Silverware, and Plated Ware, Jewelry & Silverware, Jewelry and Silverware Manufacturing, Jewelry industry, Theo Fennel

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Signet

Article Abstract:

Signet has undergone a growth period of five years, though was hit by a crash in the early 1990s recession.

Signet

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