Stephens’ Herber On Options For Zale’s Future

Zale Corp. has struggled with falling sales for over two years. To help the distressed jewelry chain raise capital, it recently hired turnaround expert Peter J. Solomon Co., and the chain is also in talks with private equity groups, such as Apollo Management LP. Some experts argue that the jeweler's business model is outdated and that its best chance to restructure is in Chapter 11 bankruptcy. Stephens Inc.'s Jennifer Herber, a retail investment banker, thinks that Zale could make a rebound.

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