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+--- Thread: Batus to Sell Gimbels and 3 Other Department Stores (/showthread.php?tid=72)
Batus to Sell Gimbels and 3 Other Department Stores - Monroeville Mall Admin - 04-22-2026
Archive artifact discussion
Artifact: Batus to Sell Gimbels and 3 Other Department Stores
Type: Press / Social Media
Year: 1986
Submitted by: Monroeville Mall Admin
Source: Los Angeles Times
Archive page: View artifact details
Article date: 1986-01-14
Article summary
Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print NEW YORK — Batus Inc., a $3.5-billion U.S. subsidiary of a British retailing and financial-services firm, announced a major restructuring Monday under which it will sell Gimbels, Kohl’s, Frederick & Nelson’s and Crescent department stores, reducing retail sales operations by 40%. The Louisville, Ky.-...
Archive notes
NEW YORK — Batus Inc., a $3.5-billion U.S. subsidiary of a British retailing and financial-services firm, announced a major restructuring Monday under which it will sell Gimbels, Kohl’s, Frederick & Nelson’s and Crescent department stores, reducing retail sales operations by 40%.
The Louisville, Ky.-based unit of BAT Industries PLC of London said in a press statement that it will concentrate on expanding five other retail businesses: Saks Fifth Avenue, Marshall Field’s, Ivey’s, Breuners and Thimbles.
“The strategy which we have developed is to concentrate our financial and management resources on businesses which have a very strong market position and are capable of high growth and profit...
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