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Federated Department Stores Inc. plans to sell its bridal group division because it does not fit in with its strategy of focusing on its national Macy’s and Bloomingdale brands.
Federated has signed agreements to sell its bridal group division in two separate transactions which will total $850 million in cash, according to DM News.
An affiliate of Leonard Green & Partners L.P. has agreed to purchase David’s Bridal and Priscilla of Boston (which own 269 stores and 10 stores respectively) for approximately $750 million.
Men’s Warehouse will purchase After Hours Formalwear, with 511 stores, for approximately $100 million. The transactions are expected to close in Q1 ‘07.
Though off-air online and experiential advertising grew modestly as a part of the overall radio revenue pie, and election-related political ads increased in Q3, total radio ad revenues were down 9% to $4.97 billion for Q3 and down 10% for…
Glamour magazine is running its photo of Britney Spears not only on the cover of the U.S. edition, but on the covers in seven other countries, as well.
Britney will grace Russia, Sweden and Greece’s editions of Glamour, among others.…
Titan Worldwide has signed a five-year deal with the Delaware River Port Authority to manage out-of-home advertising for the Port Authority Transit corp.
The contract covers advertising on PATCO’s rail service and stations between Southern New Jersey and Philadelphia, writes Mediaweek.…
Publicis has acquired full-service agency W&K Communications, continuing its Asia expansion that began several years ago.
W&K will be pulled under the umbrella of Publicis’s Burnett agency network, and will be renamed Leo Burnett Beijing Advertising, writes Adweek.
Other recent Publicis…
With only four weeks separating Thanksgiving and Christmas this year, Cyber Monday One (December 1) and Cyber Monday Two (December 
may command a greater share of online sales than they have in years past - thus increasing the importance…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
