TITLE

Merger Mojo

AUTHOR(S)
Moin, David
PUB. DATE
December 2005
SOURCE
WWD: Women's Wear Daily;12/6/2005, Vol. 190 Issue 119, Special Section p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on merger deals in the U.S. retail industry. Controversy surrounding Marshall Field's, which is being converted to Macy's. A dramatic development was the rise in interest in retailers among private equity firms, such as Texas Pacific, Warburg Pincus, Cerberus, Apollo and Blackstone, whether it was for the real estate value of retailers or turnaround potential. The biggest deals completed were the Sears Roebuck-Kmart merger that created a $55 billion discounter, and Federated Department Stores' takeover of May Department Stores, forming a $28 billion department store giant and accelerating the evolution of Macy's into a national chain.
ACCESSION #
19288756

 

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