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Alexis Bittar to open on Manhattan’s Upper West Side
New York -- Prudential Douglas Elliman’s Retail Group said that jewelry designer Alexis Bittar will open a new store at 410 Columbus Avenue, between 79th and 80th Streets, in New York City. It is the designer’s fourth Manhattan store; the other three are on Madison Avenue, in Soho and in the West Village.
With nine stores nationwide, including Los Angeles, San Francisco and Venice in California, Chicago, Manhattan and a brand new one in Greenwich, Conn., the brand is in expansion mode and currently planning possible Florida locations.
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Target to sell credit card business to TD Bank
Minneapolis -- Target Corp. said Tuesday it will sell its $5.9 billion credit card portfolio to TD Bank Group.
The business will be sold for an amount equal to the gross value of the outstanding receivables at the time of closing, said Target; the portfolio currently has a gross value of about $5.9 billion.
TD Bank also agreed to a seven-year deal to underwrite, fund and own the retailer’s future credit card and Visa receivables in the U.S.