ST. LOUIS — May Department Stores Co., which owns 13 regional department store chains, said today it will acquire the Richmond, Va.,-based Thalhimers chain for $325 million.
Thalhimers operates 26 stores in Virginia, North Carolina, South Carolina and Tennessee and had sales of $445 million in 1989.
Like other May acquisitions, Thalhimers will retain its name and continue to be headquartered in Richmond. The deal is subject to federal regulatory approval.
