Breeden principals appointed to Zale board

By Lisa Kerner

Charlotte, N.C., Jan. 22 - Zale Corp. invited Breeden Capital Management LLC managing member, chairman and chief executive officer Richard C. Breeden and senior managing director James M. Cotter to join its board of directors effective Jan. 17.

Investors led by Breeden purchased 4 million shares of Zale stock between Dec. 27 and Jan. 14.

The investors beneficially own 8,070,839 shares, or 18.09%, of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

Zale is an Irving, Texas-based fine jewelry retailer.

Breeden made an initial investment in the company on Sept. 17.

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