Article: Confirm Bancroft acquired by Group of NY investors. (Bancroft Haberdashers Ltd.)

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 ...

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