Mothers Work to doff last Episodes

Article Abstract:

Mothers Work Inc. has decided to divest 24 of its last 30 Episode locations to Wet Seal Inc. of Foothill Ranch, CA, for $2.8 million and discontinue operating the rest. The retail company, which initially closed 21 of its then 51 losing Episode outlets in May 1998, began operating the outlets in June 1996 in an effort to expand its product offering into non-maternity women apparel. Mothers Work, which operates 583 maternity clothing outlets under such brand names as Mimi Maternity and A Pea in the Pod Inc., said that Wet Seal will absorb all of its employees at the Episodes stores sold.

Comment:

Will buy 24 of Mothers Work Inc's last 30 Episode locations for $2.8 mil

United States, Facilities & equipment, California, Women's Apparel, Women's and Girls' Cut and Sew Apparel Manufacturing, Women's Specialty Stores, Clothing Accessories Stores, Women's clothing, The Wet Seal Inc., Mothers Work Inc., Article

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DuPont to buy rest of seed firm

Article Abstract:

DuPont Company acquired Pioneer Hi-Bred International Inc (Des Moines, Ill), by purchasing the remaining 80% stock of the hybrid seed company. Dupont (Wilmington, PA) purchased 20% of Pioneer in 1997. Anaylyst say recent rumors about a possible DuPont-Monsanto Corp alliance, Pioneer's biggest rival, spurred the seed company to sell to DuPont. Dupont feels the deal will strengthen their agricultural and biotechnology sector. Pioneer will continue to be based in Des Moines and keep it's name.

Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Nursery and Floriculture Production, Pennsylvania, AGRICULTURAL PRODUCTION--CROPS, Seeds, Flowers & Bulbs, Chemicals, Horticultural products, E.I. du Pont de Nemours and Co., Pioneer Hi-Bred International Inc., PHB, DD

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