Retail Industry
Industry: Email Alert RSS FeedFederated weighs selling its specialty store units. (Federated Department Stores, Aeropostale, Charter Club)(Brief Article)
Daily News Record, June, 1995
NEW YORK - Federated Department Stores said Wednesday the company will begin exploring the possibility of selling its Aeropostale and Charter Club national specialty store operations.
Federated has retained Merrill Lynch to assist in the process.
In addition, Richard Crystal, currently chairman of the specialty store division and Macy's Product Development, win resign July 31.
"Federated's primary focus is on running premier department stores, which is a much different business than specialty retailing," said Allen Questrom, Federated's chairman and CEO.
"Aeropostale and Charter Club are successful businesses that certainly could be retained and operated as part of Federated, and ultimately we may find that doing so is the best option for...
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