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Stockholders Agree to Merger Agreement Between Belk, Sycamore Partners

In Reports, What's New, Industry News by Accessories Staff

Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our stockholders voted in favor of our sale to Sycamore Partners,” said Tim Belk, chairman/chief executive officer of Belk, Inc. “The vote …

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Investcorp, Others to Buy Totes Isotoner Corp.

In What's New, Industry News by Jeff Prine

New York—Investcorp, the Bahrain-based investment fund, along with Freeman Spogli & Co., a private equity firm, said Tuesday they agreed to acquire Totes Isotoner Corp. from MidOcean Partners and Bruckmann Rosser Sherrill & Co. Terms of the transaction were not disclosed. “Totes Isotoner is a global market-leader with exceptional products, …