Business Services Industry
Federated Targets Marshall Field's Department Stores for Buyout.
Knight Ridder/Tribune Business News, April, 2004
By Allyce Bess, St. Louis Post-Dispatch Knight Ridder/Tribune Business News
Apr. 15--Federated Department Stores Inc., the owner of Macy's and Bloomingdale's, said Wednesday that it might buy the Marshall Field's department stores from Target Corp.
Target said last month that it wanted to sell the Marshall Field's and Mervyn's chains.
St. Louis-based May Department Stores Co., which owns Famous-Barr and Lord & Taylor, among others, and Federated, based in Cincinnati, are considered the most likely buyers for Marshall Field's.
A spokeswoman for May Co. said the company had no comment on Federated's announcement.
Howard Davidowitz, chairman of Davidowitz & Associates Inc., a retail consulting and investment-banking...
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