Belk Inc. has hired Goldman Sachs to explore its strategic options, including the possibility of a sale that could value the family owned department store chain at as much as $4 billion, Reuters reports.
In response to the Reuters report, Belk issued a response saying that it had hired Goldman Sachs to help it explore all options for its future. Belk added that it expects to conclude its analysis in the next several months.
Belk operates about 300 stores in 16 Southern states.
Read the Reuters story by clicking here.