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Finlay Completes Asset Purchase of Bailey Banks & Biddle.

Publication: PR Newswire
Publication Date: 12-NOV-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- Finlay Enterprises, Inc. , a leading retailer of fine jewelry operating luxury stand- alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States, announced today that it has completed the asset purchase of the Bailey Banks & Biddle division of Zale Corporation. Bailey Banks & Biddle operates a chain of 70 stand-alone retail stores in 24 states with a focus on the luxury market, offering jewelry and watches under high-end name brands.

The asset purchase price of $200 million was financed through a...

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