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Blockbuster deal: Sycamore Partners buys Belk for $3 billion
Charlotte, N.C. -- Private equity firm Sycamore Partners is adding a department store to its growing portfolio.
Belk, the nation's largest family owned and operated department store company, on Monday announced that it has entered into a definitive agreement to be 100% acquired by Sycamore Partners in a transaction with an estimated value of approximately $3 billion.
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Listen Up
Facebook and Twitter don’t have the power to move mountains (not yet anyway), but one thing is certain: Retailers are not only listening to the conversations going on out there about their brands, but, increasingly and when it makes brand-sense, acting on them. At least the smart ones are.
Consider Topshop. The global fashion retailer came under fire for using ultra-thin mannequins in its stores.

