Traub Trying to Drum Up Backing: Bloomingdale’s...
From Times Staff and Wire Reports
Traub Trying to Drum Up Backing: Bloomingdale’s Chairman Marvin Traub, seeking financial support for his proposed buyout of the well-known department store chain, said he has had “serious” talks with Japanese retailers. One major Japanese retailer, however, said it turned down an offer from Traub. Traub also indicated that the Bloomingdale’s name may be affiliated with retailing in Japan in the future. Traub did not reveal details of his negotiations in Japan. The 17 Bloomingdale’s stores have been put up for sale by Campeau Corp.
