Advertisement

BRIEFLY

Dillard will buy two Allied Stores divisions.

April 14, 1987

Dillard Department Stores of Little Rock, Ark., said it has agreed to buy two Allied divisions, including the Dallas-based Joske's retail chain, for about $255 million in cash. Joske's, which operates 26 stores in Texas and one in Phoenix, is the largest division being sold by New York-based Allied under its restructuring program, both companies said. Dillard said it also was buying Allied's Cain-Sloan division, which operates four stores in Nashville, Tenn. Allied was acquired by Toronto-based Campeau Corp. last year for $3.4 billion.

Advertisement
Los Angeles Times Articles
|
|
|