NEW YORK — Shares of Zale Corp. advanced to a new 52-week high of $46.47 in intraday trading Tuesday after the Dallas-based jewelry specialty retailer said it plans to repurchase up to 6.4 million, or 20 percent, of its outstanding shares through a modified Dutch auction tender offer.
In addition, Zale said, in connection with the offer, it plans to enter into a new $500 million secured revolving credit facility.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)