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Macy's purchases Bluemercury for 210 million dollars
Department store chain Macy's Tuesday agreed to buy Bluemercury Inc, a luxury beauty products and spa services retailer, for 210 million dollars in cash. Macy's expects to close the deal in its fiscal first quarter which ends on May 2 and be accretive to its earnings in its first full year (fiscal 2016). Bluemercury, based in Washington, D.C.,...
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