Tommy Hilfiger Receives Five Takeover Offers
New York City, Tommy Hilfiger has received five separate takeover offers, as the fashion design company seeks a buyer while struggling with its U.S. wholesale business, according to today’s Financial Post.
According to sources close to the company, private equity firms Apax Partners and Oaktree Capital Management have submitted bids; names of the remaining three bidders are not yet available.
Safeway Replaces Dominick’s Chief
Pleasanton, Calif., Safeway Inc. has rotated Don Keprta into the top position at its Dominick’s division. He replaces executive VP Bruce Everette, who is returning to Pleasanton from Dominick’s Chicago headquarters to take on broader retail responsibilities at the parent company.
Keprta most recently served as Dominick’s VP of retail support.
May Acquisition Boosts Federated’s 3Q
Cincinnati, Federated Department Stores posted net income of $436 million. That’s more than quadruple the $74 million it recorded in the year-ago period, but it includes results from the recently acquired May Department Stores Co.
Federated’s net sales for the third quarter were $5.78 billion, up 64.1% from last year. Same-store sales grew 0.6%.