IN BRIEF: BON-TON, CERBERUS SAKS SUITORS?... WHITE GOODS GET TAX INCENTIVES... TARGET TO UNVEIL SMITH & HAWKEN LINE...
HFN: The Weekly Newspaper for the Home Furnishing Network, August, 2005
BON-TON, CERBERUS SAKS SUITORS?
The Northern department store division of Saks Inc. could be jointly acquired by Bon-Ton Stores and Cerberus Capital Management, according to Women's Wear Daily, HFN's sister publication.
As earlier reported, Bon-Ton and Cerberus were individually interested in purchasing the division.
Bain Capital Partners, Thomas H. Lee Partners and Apollo Management are said to be the other interested parties.
The $2.2 billion Northern department store group of Saks Inc. includes the Carson Pirie Scott, Younker's and Bergner's chains.
Earlier this year, Saks Inc. sold its Southern department store division to Belk.
WHITE GOODS GET TAX INCENTIVES
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