ROANOKE TIMES 
                      Copyright (c) 1995, Roanoke Times

DATE: Wednesday, December 27, 1995           TAG: 9512270086
SECTION: BUSINESS                 PAGE: B-8  EDITION: METRO 

IN BUSINESS

Lazarus to close at Valley View Mall

Lazarus women's apparel at Valley View Mall will close Jan. 13. President Chip Lazarus said the lease has been terminated, a decision made jointly by the apparel retailer and mall management.

The company plans to consolidate its business into its stores at Towers Shopping Center and Tanglewood Mall, he said. Lazarus had been a tenant at Valley View since the mall opened about 10 years ago.

- Staff report

GE Capital to buy Life Insurance of Va.

RICHMOND - GE Capital, the finance arm of General Electric Co., will buy The Life Insurance Co. of Virginia from its parent for $960 million, the companies said Tuesday.

Life Insurance, owned by Chicago-based Aon Corp., will become a subsidiary of GNA Corp., which is owned by GE Capital of Stamford, Conn. The deal is expected to be completed in the first half of 1996.

The purchase of the Richmond-based insurer would add about $9 billion in assets to GNA, bringing its total assets to $30 billion.

- Associated Press

Heironimus plans liquidation sale

The downtown Heironimus department store likely will be closed by Jan. 20, Larry Drombetta, company president, said Tuesday.

The store will close Dec. 31 through Jan. 2 to prepare for a final liquidation sale. It will reopen at 7 a.m. Jan. 3. All merchandise will be marked down, Drombetta said. The sale will continue until all merchandise has been sold, which should be before Jan. 20, he said. An auction will be held later to sell fixtures and furniture.

The Fort Worth, Texas-based Dunlap Co., which bought S.H. Heironimus Inc. from local owners in 1993, said in early November the downtown store would not renew its lease on the building at Church Avenue and Jefferson Street.

- Staff report

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