Charming Shoppes Buys Crosstown Traders for $218M
The acquisition has been approved by Charming Shoppes' board of directors and is expected to be completed in the second quarter.
Crosstown Traders has11 catalog titles. Its revenues last year were $460 million.
Charming Shoppes plans to continue to operate Crosstown Traders as a separate entity, which will remain at its Tucson headquarters.