Earlier this year, Ruby Tuesday revealed that it was exploring strategic alternatives — corporate speak for a sale — after experiencing continued declining sales and closing nearly 100 underperforming stores. Now, the company has settled on its alternative, a $146 million sale to private equity firm NRD Capital. [More]
going private
Report: Kohl’s Considers Going Private, Breaking Up Company To Prevent Takeover
By 1.11.16
Middle-class consumers just aren’t as into department stores as they used to be. Experts speculate that this is because off-price and outlet stores caught on during the recession, and shoppers simply don’t want to go back. Even staying open for 170 hours straight wasn’t enough to drag Kohl’s out of a slump, and the company’s leaders worry that they could be taken over while their stock price is low. [More]
