Dollar Express chain is sold
Article Abstract:
Dollar Tree Stores Inc. bought Philadelphia-based Dollar Express for $307 million.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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Video City merger is placed on hold; the chain arranged to buy Philadelphia-area West Coast, but then sought bankruptcy reorganization
Article Abstract:
In a case that's being called "legalized loan sharking," California-based Video City Inc. and Philadelphia's West Coast Entertainnment Corp. filed suit against Fleet Retail Finance Inc. The two video chains have since called off their merger because of the practices of Fleet which put Video City into bankruptcy. In the suit a bank official was quoted as saying, "We want them to go bankrupt...we enjoy that kind of stuff." Fleet is a unit of BankBoston Retail Finance.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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Jones confirms plans to buy Nine West
Article Abstract:
Bucks County, Bristol, PA-based apparel giant Jones Apparel Group's share prices dropped when the company recently announced its acquisition of Nine West. Analysts feel that the $1.4 billion deal will propel Jones too far afield from its core business which is womens' apparel. Jones markets casual and career clothes such as Ralph Lauren, Evan Picone, Rena Rowen and Jones New York. Timothy Ghriskey, portfolio manager at Dreyfus Corp. said that he felt that Jones would have gained just as much from a licensing agreement.
Comment:
Bucks County, Bristol, PA-based apparel giant Jones Apparel Group's share prices dropped when the company recently announced its acquisition of Nine West.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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- Abstracts: CDNow, Columbia House end merger deal, plan 'strategic relationships'. Cash-strapped CDNow finds a buyer in Germany
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