TITLE

Bon-Ton Selling Private-Label Line to HSBC

AUTHOR(S)
Kuykendall, Lavonne
PUB. DATE
June 2005
SOURCE
American Banker;6/22/2005, Vol. 170 Issue 119, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Highlights plans of the Bon-Ton Stores Inc. department store chain of York, Pennsylvania to sell its private label credit card portfolio to HSBC Retail Services. Plans of the companies to file the deal with the U.S. Securities and Exchange Commission (S.E.C.); Claim that HSBC will take over all aspects of customer servicing after it purchases the accounts receivable; Comments of analysts on the strengths and weaknesses of the deal.
ACCESSION #
17413564

 

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