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BUSINESS
October 5, 1999
* Sears Canada Inc., deciding the historic Eaton brand name is too precious to give up or lose to potential U.S. rivals, said it will buy at least five key big-city stores from T. Eaton Co. and operate them as upscale Eaton's stores. Sears Canada, majority-owned by Sears, Roebuck & Co., had earlier agreed to buy up to 13 suburban stores from the insolvent company. Sears also said it will revive Eaton's catalog and run its online business under the Eaton banner. * Walgreen Co., the largest U.S.
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BUSINESS
October 5, 1999
* Sears Canada Inc., deciding the historic Eaton brand name is too precious to give up or lose to potential U.S. rivals, said it will buy at least five key big-city stores from T. Eaton Co. and operate them as upscale Eaton's stores. Sears Canada, majority-owned by Sears, Roebuck & Co., had earlier agreed to buy up to 13 suburban stores from the insolvent company. Sears also said it will revive Eaton's catalog and run its online business under the Eaton banner. * Walgreen Co., the largest U.S.
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BUSINESS
September 21, 1999 | From Reuters
Sears Canada Inc. snapped up the most famous name in Canadian retailing, for $20 million in cash Monday, saying it might keep the T. Eaton Co. banner alive via the Internet and catalog business, but probably not in a store format. Toronto-based Sears Canada, which is 55% owned by Sears, Roebuck & Co. of Hoffman Estates, Ill., said it would assume ownership of the Eaton name, trademark, Web site and eight stores across the country, including three in Toronto.
BUSINESS
September 21, 1999 | From Reuters
Sears Canada Inc. snapped up the most famous name in Canadian retailing, for $20 million in cash Monday, saying it might keep the T. Eaton Co. banner alive via the Internet and catalog business, but probably not in a store format. Toronto-based Sears Canada, which is 55% owned by Sears, Roebuck & Co. of Hoffman Estates, Ill., said it would assume ownership of the Eaton name, trademark, Web site and eight stores across the country, including three in Toronto.
BUSINESS
August 24, 1999 | From Associated Press
Filene's Basement Corp., a discount clothing chain, filed for federal bankruptcy protection on Monday. Separately, T. Eaton Co., Canada's oldest department store chain, said on Monday that it applied for appointment of an interim receiver, as the death knell sounded for what was once one of the country's leading retailers. Eaton wants to buy time through the appointment of the interim receiver to allow discussions with an unidentified potential buyer.
BUSINESS
February 12, 1999 | From Bloomberg News
Federated Department Stores Inc., the company behind the Macy's and Bloomingdale's chains, agreed Thursday to acquire Fingerhut Cos. for about $1.5 billion to speed its expansion on the Internet. Federated said it will pay $25 cash for each diluted share, or $1.5 billion, for Fingerhut, which sells household and general merchandise through catalogs and Web sites. It will also take on $200 million in debt. Federated, the third-largest U.S.
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