Campeau Has List of Bloomingdale’s Bidders: Campeau...
From Times Staff and Wire Reports
Campeau Has List of Bloomingdale’s Bidders: Campeau Corp., the U.S. retail giant that must sell Bloomingdale’s to qualify for a much needed $800-million loan, is compiling a list of five or six potential buyers for the department store chain. Campeau said it will give the prospective buyers detailed information and make a definitive announcement about Bloomingdale’s in February. Campeau needs an $800-million bridge loan to replace another loan that comes due in April.
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