A group has acquired a 7% stake in Allied Stores.

Strong/Corneliuson Capital Management of Milwaukee disclosed in a filing with the Securities and Exchange Commission that it has acquired 1.13 million common shares of Allied Stores. It has also acquired an additional $17.95 million of convertible debentures, which equals 326,733 shares of common stock, if converted. Strong/Corneliuson said the shares were acquired in the “ordinary course of business” and not with the purpose of changing control of Allied, which operates Garfinckel, Brooks Bros. and other chains.