Shoppers World Acquires Forman Mills
June 22, 2023
New York City-based Shoppers World, owned by the Dushey family, has acquired discount retailer Forman Mills from its prior owner, helping the chain avoid an expected Chapter 11 filing and preserving store operations and jobs. The undisclosed-price deal will expand Shoppers World's retail footprint and keep all Forman Mills locations open, including Reopening a Philadelphia store previously slated to close.
- Buyers
- Shoppers World
- Targets
- Forman Mills
- Sellers
- Goode Partners
- Industry
- Retail
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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