BDO advises Ratner on jewellery bid
Firm appointed by jewellery chain owner to advise on possible deal
Mid-tier firm BDO Stoy Hayward has been appointed by Gerald Ratner, former
chief executive of the Ratners jewellery chain – since renamed Signet Group – to
advice him on a bid for Signet’s UK chain, H Samuel.
The Daily Telegraph reported that BDO had contacted Signet’s
management on Ratner’s behalf about a possible deal.
Ratner lost control of the company that bore his name after publicly
criticising one of it products.
Two private equity firms – Apax and Kohlberg Kravis Roberts – are also
considering bidding for Signet, after they issuing a statement to the London
Stock Exchange confirming they have ‘jointly undertaken a preliminary analysis
of the company’ and said their ‘analysis included the consideration of a
possible offer for the company’.