Signet to pull out of financing biz with loan sales, outsourcing

David Bell

May 30, 2017 06:30 PM

sale — London, United Kingdom. 21st December 2013 -- Christmas shoppers hunt for bargains and sales on the busiest retail day of the year known as panic Saturday. -- Thousands of Christmas shoppers filled Oxford Street in London despite the bad weather on the busiest retail day of the year, known as panic Saturday. Shoppers hunted for bargains and sales offered by department stores and shops. Christmas Shoppers Fill Oxford Street on Panic Saturday | Amer Ghazzal / Demotix/Demotix/Press Association Images

Jewellery retailer Signet Jewelers announced plans last week to sell down and outsource its consumer financing business, and said it would eliminate “material credit risk” from its balance sheet.

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David Bell