Belks Department Stores Being Acquired by Sycamore
 

Belks being acquired:

“We are delighted to have found a financial partner that sees what we see in Belk,” Tim Belk, part of the company’s third generation of family leadership, said in the statement. “We plan to grow Belk by executing our current strategic initiatives and undertaking new growth initiatives together with Sycamore.”


Belk Agrees to Be Bought by Sycamore for About $2.7 Billion - Bloomberg Business