Belk launches fine-jewelry acquisitions
Charlotte Business Journal, NCÂ
Belk Inc. has agreed to acquire the inventory and assets of Migerobe Inc., a Mississippi company that leases and operates fine-jewelry departments in 35 Belk stores.
The transaction is slated to close in August. Financial terms weren’t disclosed.
In addition, Belk will begin operating 80 other fine-jewelry departments in its stores that are leased by Finlay Fine Jewelry Corp. of New York.
Belk will assume the management and operation of those departments early next year when Finlay’s lease agreement expires. Read more about Belk launches fine-jewelry acquisitions …
