Elder-Beerman gauges interest in buyout

Dayton, OH — After receiving several "unsolicited expressions of interest relating to the possible acquisition of the company," department store retailer Elder-Beerman this morning said it was entertaining buyout overtures. The company said that it has entered into a letter agreement with an interested party to discuss, on an exclusive basis for a limited amount of time, the possible sale of the company.

The company added that there are no assurances that these discussions will result in any transaction. Elder Beerman operates 68 stores.

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See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!