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RATNERS ANNOUNCES BOARD CHANGES

 RATNERS ANNOUNCES BOARD CHANGES
 NEW YORK, Feb. 10 /PRNewswire/ -- Ratners Group plc (NASDAQ: RATNY),


the world's largest jewelry retailer, announced today that the company's board has decided to restructure the management of all the group's U.K. jewelry operations under a single management board. Consequent upon this reorganization, Victor Ratner, deputy group managing director, has tendered his resignation as a director of the group which the board has accepted. Victor Ratner will remain as a consultant to the company for a period of three years.
 The new U.K. jewelry management Board will be chaired by Gerald Ratner, the group chief executive.
 Masarrat Hussain, 57, who has been with the company for over thirty years and is presently administration director, will retire at his own reqictor Ratner and Masarrat Hussain during their long periods of service to the company.
 London-based Ratners is the largest specialty retailer of fine jewelry and fashion accessories in the U.K. and the second largest specialty retailer of fine jewelry in the U.S. In the U.S., the company operates approximately 950 jewelry stores in 43 states and 46 leased jewelry departments under the names Sterling Jewelers, Kay Jewelers, J.B. Robinson, Belden, Hudson Goodman Jewelers, Weisfield, LeRoy's Jewelers, Osterman, Shaw's Jewelers, Friedlander's Jewelers, Roger's Jewelers, Goodman, and Black, Starr & Frost.
 -0- 2/10/92
 /CONTACT: Michael H. Mitchell, director of investor relations of Ratners Group, in London: 011-44-71-499-1000; or Thomas C. Franco or Jeffrey G. Gibson of Broadgate Consultants, 212-229-2222, for Ratners/
 (RATNY) CO: Ratners Group plc ST: New York IN: REA SU:


TS -- NY027 -- 3590 02/10/92 12:09 EST
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Publication:PR Newswire
Date:Feb 10, 1992
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