Retail Industry
Industry: Email Alert RSS FeedM&A ACTIVITY CONTINUES TO HEAT UP.(mergers and acquisitons)
Footwear News, June, 2006 by Young, Vicki M.
Byline: VICKI M. YOUNG
NEW YORK - This summer is likely to be a busy time on the M&A front.
As private equity and real estate players continue to eye the retail and apparel sectors, several major deals are entering their concluding phases, including a disposal of Lord & Taylor and the sale of Jones Apparel.
Among the latest developments:
o Federated Department Stores Inc. received multiple offers for its Lord & Taylor business last week, and has narrowed the field to 10 bids. The process now moves into a second round.
o Federated is also working on a sale of David's Bridal, financial sources said, and the retailer has sent out 40 books to potential bidders.
o The bidding for Jones Apparel Group has entered a...
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