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GERALD RATNER RESIGNS FROM RATNERS GROUP PLC

 NEW YORK, Nov. 25 ~PRNewswire~ -- Ratners Group plc (NASDAQ: RATNY) announced today that Mr. Gerald Ratner has resigned from the company's board of directors. The board would like to record its appreciation of Mr. Ratner's immense contribution to the development of the company during his period of 26 years service.
 Mr. James McAdam, executive chairman, will take direct responsibility for the company's UK jewelry operations with the U.S. businesses reporting directly to him through the U.S. Chief Executive, Mr. Nathan Light.
 Mr. Gerald Ratner said today, "I am obviously saddened to be leaving a business of which I am so proud. However, the continuing negative press I have attracted leads me to believe that this decision is in the interests of the company and the people working in it."
 -0- 11~25~92
 ~CONTACT: James McAdam (in London), Executive Chairman of Ratners Group plc, 011-44-71-499-1000; or Eileen M. Halsch, or Jeffrey G. Gibson of Broadgate Consultants, Inc., 212-229-2222, for Ratners Group plc~
 (RATNY)


CO: Ratners Group plc ST: New York IN: REA SU: PER

SH -- NY047 -- 1555 11~25~92 14:15 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:185
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