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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