BJ Wholesale Club announced on Thursday that he has decided to "study and strategic options, including a potential sale of the company to consider."
Wholesale club store hamilton flyer
- Only confirms that the market is known for months: that the auction for the retail trade.
- BJ has hired Morgan Stanley, to start the process of selling. In November, he said people familiar with the matter DealBookk auction began after in private equity firm Leonard Green & Partners made a takeover overture.
- The retailer is considered as an attractive candidate for redemption in July, after Leonard Green issue gained 9.5 percent. (Leonard Green also struck deals with Jo-Ann Stores and, with TPG Capital, J. Crew.)
The BJ, based in Natick, Mass., 187 warehouse clubs in 15 states. It has full enterprise value at $ 2.28 billion.
Wholesale Club chain of warehouse clubs belonging Loblaw Companies with branches across Canada. Such as bakery products, dairy products, delicatessen, frozen food, garden center, general groceries, PhotoLab, general merchandise, drugstore, meat and poultry, seafood, snacks.
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