Retail Industry
Industry: Email Alert RSS FeedMAY CO. ACQUIRES FORMALWEAR CHAIN.(department store chain acquires Modern Tuxedo)(Brief Article)
Daily News Record, July, 2003 by CLARK, EVAN
NEW YORK -- Modern Tuxedo, a 25-door Chicago tuxedo rental and sales chain, has married into May Department Stores Co.'s Bridal Group family.
May Co. last week purchased the inventory, leases and name of the retailer for an undisclosed cash sum.
The acquisition gives the firm a men's formalwear presence in Chicago. So far, May Co.'s After Hours Formalwear business, which has designs on a national presence, operates 238 doors, mostly east of the Mississippi River.
A spokeswoman said there were no immediate plans to change the Modern Tuxedo name and that the deal would have no material impact on second-quarter results.
May Co.'s Bridal Group also operates 188 David's Bridal stores and 10 Priscilla of Boston doors, catering to...
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