- BATUS Inc.
BATUS Inc. is a United States former subsidiary of
British American Tobacco , now the world's second largestcigarette manufacturer. Beginning in the late 1960s, British American Tobacco followed the then-fashionable theory of diversification, including significant investments in the apparently booming world ofretail .Through its BATUS unit (somewhat redundantly, the acronym referred to "British American Tobacco – US"), the company created BRG, for
BATUS Retail Group .BRG also owned ready-to-wear specialist
Thimbles and west coast furniture chainBreuners . Ultimately, BATUS proved unable to withstand increasing competitive pressures, leading it to withdraw from the market completely by1990 .Department stores owned by BATUS
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The Crescent ofSpokane, Washington "(became Frederick & Nelson1988 )" In 1982, BATUS purchased Marshall Field's, owners of The Crescent. BATUS sold The Crescent with Frederick & Nelson in 1986.
*Frederick & Nelson ofSeattle, Washington "(closed 1992, flagship became aNordstrom in 1998)" In 1982, BATUS purchased Marshall Field's, owners of Frederick & Nelson. BATUS sold Frederick & Nelson with The Crescent in 1986.
*Gimbels ofNew York ,Philadelphia ,Pittsburgh andMilwaukee "(nowMacy's )" BATUS purchased Gimbels in 1973. BATUS closed the division in 1986. Some stores were taken over by sister division Marshall Field's, which became Macy's in 2006.
*J.B. Ivey ofCharlotte ,North Carolina , andJacksonville, Florida "(nowDillard's )" In 1982, BATUS purchased Marshall Field's, owners of Ivey's. BATUS sold Ivey's in 1990 to Dillard's.
*Kohl's ofWisconsin "(still operating)" In 1972, BATUS purchased Kohl's. The Kohl's grocery stores were sold to A&P in 1983. BATUS sold Kohl's department stores in 1986.
*Marshall Field's ofChicago, Illinois "(now Macy's)" In 1982, BATUS purchased Marshall Field's. BATUS sold Marshall Field's to Dayton Hudson Corporation (nowTarget Corporation ) in 1990. Marshall Field's was then purchased byMay Department Stores in 2004. May Department Stores was purchased in 2005 byFederated Department Stores , which renamed all of the stores Macy's in 2006.
*Saks Fifth Avenue ofNew York City, New York "(still operating)" BATUS acquired Saks Fifth Avenue in 1973 with its acquisition of Gimbels. In 1990, BATUS sold Saks to Investcorp S.A., which since sold Saks toProffitt's and changed its name toSaks Incorporated .
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