Campeau Corp. has agreed to sell all...
- Share via
Campeau Corp. has agreed to sell all 76 of its Gold Circle and Richway stores for more than $325 million. The buyer, Kimco Development Corp., a privately held owner and manager of shopping centers, said it will sell 31 of the stores to Dayton Hudson Corp. and lease 35 to Hills Department Stores and two to K mart Corp. Buyers or operators are still being sought for the other eight stores, according to Kimco, which is based in Roslyn, N.Y. Toronto-based Campeau said the sale does not include the warehouses and central offices, which will be sold separately. None of the stores are in California.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.