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Article: Confirm Bancroft acquired by Group of NY investors. (Bancroft Haberdashers Ltd.)
- Article from:
- Daily News Record
- Article date:
- May 10, 1988
CopyrightCOPYRIGHT 1988 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Confirm Bancroft Acquired By Group of NY Investors NEW YORK -- Bancroft Haberdashers Ltd. has been sold to the Watch Hill Group, a venture capital organization based in New York. This confirms a report in DNR on Monday (May 9, Page 4). Terms were not disclosed.
According to John Teeger, a director of Watch Hill, the venture capital group was formed about 18 months ago to acquire Jack Lang Clothes, a men's retailer based in Pennsauken, N.J., and The Hub retail chain, formerly a division of Manhattan Industries.
Watch Hill completed its acquisition of Bancroft last week. Bancroft is a six-unit men's specialty store chain based in New York.
Now ...