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Report: BJ’s up for sale — and being eyed by Amazon


A potential acquisition could give Amazon some leverage as it expands its brick-and-mortar presence.

BJ’s Wholesale Club is putting itself up for sale, and Amazon has expressed modest internal interest in the chain, according to The New York Post. BJ’s, which was once a public company, was bought for $2.8 billion by private equity firms Leonard Green & Partners and CVC Capital Partners in 2011.

The retailer recently planned an initial public offering, but scrapped the idea because of Wall Street’s growing worries over the retail sector, sources said in the report.

BJ’s, which operates more than 200 warehouse clubs, could help Amazon expand its increasing brick-and-mortar presence. The sale could value $4 billion for Leonard Green & Partners and CVC Capital Partners, according to the report.

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