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Tuesday, May 30, 2023

Federated Gives Brides Away

Cincinnati-based Federated Department Stores Inc. has sold its Bridal Group including David’s Bridal to an L.A.-based private equity firm for about $750 million. The company also sold After Hours Formalwear to Men’s Wearhouse for about $100 million. The Bridal Group sale also includes Priscilla of Boston, a 10-store chain. David’s operates 269 stores including one in Northridge and one in Burbank. After Hours operates 511 stores including eight in the greater Valley area. Both transactions are expected to close in the first quarter of next year. Federated is also the parent company of Macy’s and Bloomingdale’s department stores.

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