Bob's Stores Sold to Private Equity Groups

Harvey, Emmaline
September 2008
SGB;Sep2008, Vol. 41 Issue 9, p7
Trade Publication
The article reports on the decision of TJX Cos. Inc. to sell Bob's Stores to private equity firms Versa Capital Management and Crystal Capital Fund LP. According to TJX, they sold the business because it does not give a profit to them and the sale will also generate cash proceeds of $23 million. According to president Carol Meyrowitz, the scheme is also part of their vision to expand as a global off-price company.


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