
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, April 26, 1990                   TAG: 9004260200
SECTION: BUSINESS                    PAGE: C5   EDITION: METRO 
SOURCE: 
DATELINE: NEW YORK                                LENGTH: Short

INTERNATIONAL GROUP BUYS SAKS CHAIN

An international investment group with stakes in Tiffany, Gucci and Carvel ice cream will pay about $1.5 billion for high-fashion retailer Saks Fifth Avenue, it was announced Wednesday.

The 45-store chain became one of the most sought-after retailers when it was put up for sale in September by its British parent company, BAT Industries PLC. Investcorp is a well-capitalized group that acts on behalf of wealthy Middle Eastern, American, British and other European investors. - Associated Press

by CNB