Icahn to increase shares of Federated-Industry News-Magazine-IRISPANCY FASHION ACCESSORIES & JEWELRY

	Shopping bag \| \| My account \| Favorite \| Help \| Contact us \| Login or Register \| Logout

Jewelry \| Apparel & Accessories \| Bags & Accessories \| Magazine \| Business & Franchise Necklaces \| Bracelets \| Earrings \| Rings \| Pendants \| Jewelry Sets Brooches \| Hair Accessories \| Belts \| Caps \| Scarfs \| Gloves \| Shoes \| Socks IRISPANCY Bags \| IRISPANCY Bags Accessories Vogue and Trend \| Mix and Match \| Celebrity \| Fortune \| Fun and Love \| Small Business \| Product knowledge \| Market Survey \| Expo Information \| Industry News Boutiques \| Sales Policy \| Franchise \| Events and Activities \| OEM and ODM

Magazine > Industry News > News Content

Icahn to increase shares of Federated

Author: Cincinnati 9/30/2006 3:26:56 AM

Billionaire investor Carl Icahn wants to acquire $113.4 million to $500 million worth of additional shares in Federated Department Stores.

Federated announced on Thursday that it had received notice of Icahn's plans to file for clearance for the acquisition through with the Hart-Scott-Rodino Antitrust Improvements Act.

Filings with the Securities and Exchange Commission show Icahn Management currently holds about 2 million shares in Federated, worth about $74 million.

"We're glad Mr. Icahn sees value in our company and is increasing his investment," Federated Chairman Terry J. Lundgren said in a statement. "While our stock hit an all-time high four times in the past three weeks, we continue to see significant opportunity ahead as we maximize the Macy's and Bloomingdale's brands nationwide."

In 2005, before the conversion of all May Department Store Co. stores into Macy's, Macy's East and Macy's West were responsible for a combined $660 million in jewelry and watches sales.

Federated, with corporate offices in Cincinnati and New York, expects to see fiscal 2006 sales of more than $27 billion. The company operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names Macy's and Bloomingdale's. The company also operates Macys.com and Bloomingdale's by Mail.

Related News

Bussiness Partnership

Jewelry business opportunity

FAQ about products

JP Renaissance Enterprises Corporation, an active fashion and gift company that provides fashion accessories and jewelry. We expanded our branches in Asia and North America, now, we devote ourselves on globalization by deploying unique designs and concepts. Our designers put their efforts on introducing innovative ideas, integrating creative and trendy elements and developing new style, such as integrating the nature into our products. Our fashion accessories and jewelry are capable to give you a different fashion ideas, a different way to dress, and can surprise your friends, lover, parents, clients by sending them special gifts on holiday or in special events. The products are not only fashion symbols but also tools to communicate, for example, you can use our new fashion and gift guides as an interesting topic among girls, or share the experience of our online jewelry store or the latest shoes. hats and socks with your friends..

Furthermore, we provide good bags directory and charming hair accessories online with professional wholesale and retail business. for examples, we not only sell white socks, silver rings, 60's fashion and sexy heels as a manufacturer and wholesaler, but also provide wonderful dressing help. Besides, while outputing luxurious goods and service, we also offer value packs and free gift cards, such as deal dress, cut-rate caps on special events.

Clients all over the world can enjoy our products and service through the internet. For instance, buyers from Newark - New Jersey - United States, Edinburgh - - - UK and Sacramento - California - United States.

Our online Fashion Magazine, on the other hand, presents information about top holiday gifts guides, hair styles, life style trends, potfolio fashion tips, what to wear on business days, dressing tips, dressing guides or general fashion tips for women and for men, hats and socks industry news, product kownledge about magnetic bracelets, charm bracelet and 1960's fashion, fashion shows...

www.irispancy.com IRISPANCY FASHION ACCESSORIES & JEWELRY