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Belk agrees to sell company for $3 billion

2015-08-24 23:42:11| Apparel - Topix.net

Belk, Inc. announced Monday it agreed to a sale of its company to Sycamore Partners in a deal valued at $3 billion. "We are delighted to have found a financial partner that sees what we see in Belk: a 127-year-old brand that remains relevant today with exceptional customer loyalty in small, medium and large cities throughout the South," Belk Chairman and CEO Tim Belk said in a statement.

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