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BRIEF-Alliance Data's card services unit, Signet Jewelers announce strategic long-term agreement
May 25, 2017 / 11:14 AM / 4 months ago

BRIEF-Alliance Data's card services unit, Signet Jewelers announce strategic long-term agreement

May 25 (Reuters) - Alliance Data Systems Corp:

* Alliance Data’s card services business and Signet Jewelers announce strategic long-term agreement for private label credit card services; agree to purchase of approximately $1 billion prime-only credit quality portion of signet’s total private label portfolio

* Alliance Data - to acquire portion of Signet’s credit card portfolio consisting of prime-only credit quality accounts totaling about $1 billion in receivables​ Source text for Eikon: Further company coverage:

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