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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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Belk acquired by Sycamore Partners
2015-08-25 11:31:00| Daily apparel & textile news and comment - from just-style.com
US fashion department store retailer Belk has entered into a merger agreement with private equity firm Sycamore Partners in a deal worth US$3bn.
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sycamore
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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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US Q2 in brief: Belk, Genesco, Oxford Industries, Sears Canada
2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Belk saw its net income more than halve due to higher expenses, Genesco booked a hike in net earnings, Oxford Industries raised its full-year outlook despite swinging to a loss, and Sears Canada returned to profit.
Tags: canada
industries
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sears
US Q2 in brief: Men's Wearhouse, Pacific Sunwear, Belk, Genesco
2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Men's Wearhouse grew its net income more than threefold, Pacific Sunwear posted a double-digit increase in profit, thanks to a non-cash gain, while Belk saw its net income more than halve due to higher expenses. Genesco booked a hike in earnings and Oxford Industries raised its full-year outlook despite swinging to a loss.
Tags: pacific
mens
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belk