Bankers take soundings for Signet UK business sale

Report hints H Samuel and Ernest Jones may be sold by parent company.

British jewellers H Samuel and Ernest Jones could be sold by parent company Signet Group, according to a report in The Sunday Telegraph.

The newspaper says Lazard, an advisory investment bank, has been sounding out a number of private equity buyers to gauge interest in a sale of the giant high street jewellery chains.

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The UK business is valued in the range of £400m-£600m by The Sunday Telegraph, but it points out that exploration for a sale are at a very early stage and has not been officially confirmed.

 

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