Bon-Ton Eyeing Saks
New York, Bon-Ton Stores, Inc. is said to be among the potential buyers for part of Saks, Inc. The retailer, which acquired the former Hess’s dept. store chain about 10 years ago, is considering teaming up with private equity firms to buy all of Saks, according to New York intelligence firm Mergermarket.
Bon-Ton recently completed the sale of its credit card business to HSBC Retail Services, resulting in net proceeds of $90 million.