Federated to sell bridal group for $850 million

Share this content:

Federated Department Stores Inc. has signed agreements to sell its bridal group division in two separate transactions totaling $850 million in cash.

The bridal group did not fit with Federated's strategy of focusing on the national Macy's and Bloomingdale's brands, according to the Cincinnati-based company.

An affiliate of Los Angeles-based Leonard Green & Partners L.P. has agreed to purchase the 269-store David's Bridal and 10-store Priscilla of Boston businesses for approximately $750 million.

Houston-based Men's Wearhouse has agreed to purchase the 511-store After Hours Formalwear business for approximately $100 million.

Both transactions are expected to close in the first quarter of 2007.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above