Oleary, Christopher
May 2003
Investment Dealers' Digest;5/5/2003, Vol. 69 Issue 18, p44
Trade Publication
Visa USA Inc. has begun settlement talks with a group of retailers that would end the retailers' lawsuit over what they term the“exorbitant” fees paid to Visa for debit card transactions. The Spiegel Group Inc. will close down about 60 Eddie Bauer Inc. stores and dismiss 900 employees as part of a reorganization effort to get Spiegel out of bankruptcy.There are currently 529 Eddie Bauer stores in operation and Spiegel has made no secret of its plans to greatly downsize the Eddie Bauer chain, and is rumored to be mulling the outright sale of Eddie Bauer.Oxford Industries will purchase all the outstanding capital stock of Viewpoint International Inc., which owns the Tommy Bahama apparel brand, in a transaction worth 325 million dollars.


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