When ring the bell

Share to Twitter Share to Linkedin Signet Jewelers, one of the world's largest fine jewelry retailers, said Tuesday that it has signed an agreement to acquire online fine jewelry retailer, Blue Nile, Inc., for $360 million in an all-cash transaction. Signet, in a statement, says Blue Nile delivered revenue of more than $500 million in calendar year 2021. Signet Jewelers , based in Akron, Ohio, currently owns the jewelry brands, Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, JamesAllen.com, in the U.S.; Peoples, H. Samuel, Ernest Jones in the U.K.; and the jewelry subscription service, Rocksbox Calling it a “strategic acquisition,” Signet in its statement says that adding Blue Nile to its portfolio “accelerates Signet's efforts to expand its bridal offerings and grow its ‘Accessible Luxury’ portfolio while extending its digital leadership in the jewelry category.” The company adds that Blue Nile’s customer base is younger, more … [Read more...] about Signet Jewelers To Acquire Blue Nile For $360 Million In Cash

Share to Twitter Share to Linkedin An investor group comprised of Bain Capital Private Equity, Bow Street and Adama Partners completed the acquisition of online diamond and jewelry retailer, Blue Nile, Friday for $40.75 per share in cash, the Seattle-based company said in a statement. A Securities and Exchange Commission 8-K document said the “total amount of funds used to complete the merger and related transactions and pay related fees and expenses was approximately $520 million.” The transaction was first announced on Nov. 7, 2016 , and was approved by Blue Nile's shareholders on February 2. Trading in Blue Nile’s common stock on NASDAQ will end February 21. “Blue Nile has disrupted and transformed the way consumers shop for and purchase diamonds and fine jewelry by creating price transparency while simultaneously providing value to suppliers,” said Blue Nile chairman, CEO and president Harvey Kanter. “As we enter the next phase of growth, Blue Nile will … [Read more...] about Blue Nile Acquisition Completed, Company To Go Private

Share to Twitter Share to Linkedin There are countless ways for one to connect with a destination. For the gastronome, local flavors are telling of a country’s diverse culinary culture. Art and design enthusiasts will most likely head to museums, architectural landmarks and gallery spaces as a means for enriching the travel experience. Adventure seekers will head to less-beaten paths, all in search of an adrenaline rush. For the beauty and wellness advocate, healing traditions of a region are the biggest draws for packing a bag and hopping on a plane. It was in May of this year when Malaysia finally opened its borders to foreign visitors. It had been over a decade since my last visit to the beautiful Southeast Asian federal country. A full spa tour itinerary was an opportunity to return and get to know the Malay Peninsula better. YTL Hotels’ Spa Village was an irresistible concept that inspired me to finally book my ticket and make room reservations after … [Read more...] about Reconnect With Self Love And The Divine Feminine At Tanjong Jara Resort’s Spa Village

Share to Twitter Share to Linkedin Exclusive tours of the paddock area to see the horses saddled and the jockies getting ready are a ... [+] very up close and personal experience you can enjoy when doing the Derby in style. With one of the strongest fields and most exciting finishes in Kentucky Derby history, the 138th “Run For the Roses,” set an all time attendance record at Louisville’s Churchill Downs, with over 165,000 there in person to see I’ll Have Another take the crown. As I noted yesterday, the crowd was a mix of veterans who come every year and wouldn’t miss the race for anything and first timers – most of whom now join the ranks of the regulars and will return, having been converted by what is arguably the best sporting event to attend live in this country. The Kentucky Derby, coupled with the Kentucky Oaks held the day before, is two full days of fun, excitement, history in the making, tradition, fancy dress, hats, drinks, food … [Read more...] about Start Planning For 2013 Kentucky Derby Now

Share to Twitter Share to Linkedin It hides in plain sight in a Seattle neighborhood. A building that would not attract even a hint of curiosity. Inside it’s a bit of a different story as this seemingly bare-bones structure serves as the fulfillment center for Blue Nile , the world’s largest Internet retailer of diamond jewelry. It’s easy to view Blue Nile solely as an early eCommerce success story but perhaps its greatest feat is the ability to produce and ship jewels in a highly efficient manner  based on the individual requirements of an online order. This efficiency is one of the ways it earns the trusts of customers making a highly emotional purchase. The nondescript nature of the facility is due to security concerns. The merchandise is highly valuable, consisting of diamonds, colored gems and precious metals. Inside, multiple doors are used to enter and leave certain areas for security purposes. Workers were not identified in the story for the same … [Read more...] about How Blue Nile Delivered A Million Pieces Of Bridal Jewelry

Shares in graphics chipmaker NVIDIA Corporation ( NVDA ) plunged Monday and continued its drop on Tuesday after the company said it expects revenue to come in significantly below its earlier estimate, primarily due to weaker gaming sales. The Santa Clara, California-based chipmaker released preliminary second quarter (Q2) earnings yesterday, showing revenue reaching $6.7 billion, well below its earlier outlook of $8.1 billion. The revised figures represent the top line contracting 19% sequentially from the previous quarter and 3% from the prior year. Key Takeaways Nvidia released preliminary Q2 earnings that show revenue of $6.7 billion, well below the chipmaker’s prior forecast of $8.1 billion. The company said weaker-than-expected gaming sales drove the revenue shortfall. Nvidia’s data center sales helped offset gaming weakness, with the segment growing 1% sequentially and 61% from the same quarter a year ago. Management sees long-term margins remaining … [Read more...] about Nvidia (NVDA) Plunges After Q2 Preliminary Results Show Weaker Gaming Revenue

Share to Twitter Share to Linkedin It seems that just about everyone was in Mauritius at some point—Arabians in the 10th century, followed by the Malays and then the Portuguese, who named it Ilha do Cerne (“Island of the Swan”) but didn’t stick around. The Dutch colonized it, until that failed and the French moved in and named it Isle de France. After a war, the British had a turn until the country became independent in 1968. And while it doesn’t have an easy past (the colonists imported and enslaved much of the population, then enticed Indians essentially as indentured servants), the result of all that history today is a fascinatingly multicultural island. Everything seems to be a blend of European, African, Asian and Creole influences. The island is also an exclusive one, says Ashwin Cahoolessur, an officer at the Mauritius Tourism Promotion Authority. There are no low-cost flights, and some 50 of the island’s 101 hotels have five stars. He continues that … [Read more...] about 9 Reasons To Love Mauritius Now