DeBartolo to End Campeau Partnership: Campeau Corp....
From Times Staff and Wire Reports
DeBartolo to End Campeau Partnership: Campeau Corp. disclosed that Ohio real estate developer Edward J. DeBartolo Corp. plans to end their partnership. The company also said Robert Campeau, the embattled chairman and chief executive, is seeking new equity investments to shore up the firm and is attempting to negotiate standstill agreements to keep creditors from taking action on Campeau loan defaults. Campeau, the Toronto-based parent of the U.S. retail chains Allied Stores Corp. and Federated Department Stores Inc. and Compton-based Ralphs Grocery Co., made the disclosures in a Securities and Exchange Commission filing.
