(Reuters) - NEW YORK, July 26 - Nordstrom Inc. said
on Thursday that it agreed to sell its Faconnable clothing unit
for $210 million to Lebanese-based M1 Group, as the upscale
department store chain focuses on running its stores.
As part of the deal, Nordstrom said it will continue to buy
Faconnable merchandise for at least three years, and will still
offer the brand in its stores.
Read more at Reuters.com Mergers News
on Thursday that it agreed to sell its Faconnable clothing unit
for $210 million to Lebanese-based M1 Group, as the upscale
department store chain focuses on running its stores.
As part of the deal, Nordstrom said it will continue to buy
Faconnable merchandise for at least three years, and will still
offer the brand in its stores.
Read more at Reuters.com Mergers News
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