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Private Equity Money Buys Belk Department Store Chain

2015-09-03 10:00:00| National Real Estate Investor

Private equity firm Sycamore Partners plans to acquire department store chain Belk Inc. for $3 billion. Charlotte, N.C.-based Belk, which is the nations largest family-owned-and-operated department store chain, with close to 300 stores in 16 southern states, posted annual sales of $4.11 billion in for fiscal year 2015. read more

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