Retail Industry
Industry: Email Alert RSS FeedBRIEFINGS: FEDERATED DEPARTMENT STORES INC...EVERLAST WORLDWIDE INC...
Daily News Record, May, 2006
Federated Department Stores Inc. signed an agreement to sell 11 department store locations to the Macerich Co. and nine to Simon Property Groups in malls owned by the two real-estate companies. The stores are among the 80 duplicate locations nationwide that Federated previously announced it would divest as a result of its acquisition of the May Department Stores Co. Terms of the deals were not disclosed, but proceeds from the transactions will be included in the $400 million to $500 million of after-tax proceeds associated with the acquisition.
Everlast Worldwide Inc. signed a license in the Philippines for the manufacture and distribution of Everlast branded apparel, footwear and underwear. WS Sports Inc., the Manila-based licensee, aims to place product on...
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