VICTORY AGREES TO ACQUIRE ALMACS

UTICA, N.Y. -- Victory Holdings here, parent of Victory Markets, has agreed to acquire all 26 Almacs stores in Rhode Island and Massachusetts.The selling price is about $30 million, trade observers told SN.Almacs, based in East Providence, R.I., has been operating under Chapter 11 bankruptcy protection since Aug. 6, 1993. A Los Angeles investment group, Leonard Green & Partners, is the majority shareholder

UTICA, N.Y. -- Victory Holdings here, parent of Victory Markets, has agreed to acquire all 26 Almacs stores in Rhode Island and Massachusetts.

The selling price is about $30 million, trade observers told SN.

Almacs, based in East Providence, R.I., has been operating under Chapter 11 bankruptcy protection since Aug. 6, 1993. A Los Angeles investment group, Leonard Green & Partners, is the majority shareholder in Almacs.

Victory Markets operates 72 Great American

Register to view the full article

test - Advanced Registered User

Already a member? .