D. Jones bids for U.S. firm
jj (N.Z.P. A.-Reuter—Copyright.) SYDNEY, January 29. : David Jones, Ltd, Sydney L retailer, is making a $14.4m -Imove into the American re- : I tail market with an offer for i control of the Buffams stores i group, Long Beach, California. The management of BufJfams is backing the bid and Jwill accept the offer them- .! selves. ’! Buffams operates ten Istores in South California, 'I selling softgoods, clothing 'and homewares. ; The chairman of David 'Jones (Mr C. L. Jones) said; that shares and debentures' were being purchased as an! investment with a view to! eventual total ownership of! Buffams. Tf the offer was successful j present Buffams management would be retained. The Buffams groups sales; are expected to be $0840111: in 1974.
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Press, Volume CXIV, Issue 33446, 30 January 1974, Page 23
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125D. Jones bids for U.S. firm Press, Volume CXIV, Issue 33446, 30 January 1974, Page 23
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