Investor increases holding in Zale

One of Zale’s current stake holders Richard Breeden has doubled his holding in Zale from 7.7 percent to 13.3 percent. He bought 2.16 million shares between Nov. 8 till Dec. 28, at varied price points between $15.60 to $19.18 per share share. The deal was made through Breeden's Greenwich, Conn.-based company Breeden Capital Management LLC, Breeden was attracted to purchase the first 7.7 percent stake in September, as he felt the share was undervalued. The time of increasing his stake coincides with the appointment of a new head at Zale - Neal Goldberg, a former president of The Children's Place Retail Stores Inc., who is replacing the outgoing Betsy Burton. Breeden is the former chairman of the U.S. Securities and Exchange Commission.