Dept. Store Belk Gets New Owner

Sycamore Partners has agreed to acquire Belk, the largest family-owned and operated fashion department store in the U.S.

April 6, 2018

Dept. Store Belk Gets New Owner

The New York-based private equity firm Sycamore Partners has agreed to acquire Belk, the largest family-owned and operated fashion department store in the U.S., in a transaction valued at approximately $3 billion.

Belk's board of directors has unanimously approved the agreement, which is expected to be completed in the fourth quarter.

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