Saks declines billion-dollar deal
20/09/2005
According to a report Monday in the Women's Wear Daily trade publication, luxury brand Saks Inc. has turned down a $1 billion bid by The Bon-Ton Stores for its northern department store group and now plans to sell each chain of stores individually.
The Birmingham-based company had been seeking $1.5 billion for the 143 stores in 12 states that carry the names Carson Pirie Scott, Younkers, Herbergers, Bergners and Boston Stores. Saks began selling pieces of its department store group earlier this year to focus on its
Share this story:
