Skip to main content

Bon-Ton Eyeing Saks

7/29/2005

New York, Bon-Ton Stores, Inc. is said to be among the potential buyers for part of Saks, Inc. The retailer, which acquired the former Hess’s dept. store chain about 10 years ago, is considering teaming up with private equity firms to buy all of Saks, according to New York intelligence firm Mergermarket.

Bon-Ton recently completed the sale of its credit card business to HSBC Retail Services, resulting in net proceeds of $90 million.

X
This ad will auto-close in 10 seconds