Campeau may sell 15 Allied Stores divisions.
The sales reportedly would enable the Canadian real estate developer to lighten the debt load created by its $3.5-billion acquisition of Allied. According to a report in Women’s Wear Daily, those likely to be put on the block include: Bonwit Teller; Joske’s; Garfinckel’s in Washington; the three units of Catherine’s Stout Shoppe in Memphis, Tenn., and Los Angeles; Plymouth Shops; Miller & Rhoads; Millers; Deys; Cain-Sloan; Donaldsons; the two Pomeroy’s divisions in Harrisburg and Levittown, Penn.; Block’s; Herpolsheimer’s, and Heer’s in Springfield, Mo.
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