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Mills Fleet Farm to be sold to investment giant KKR
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| Parent(s) |
Candidate
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| Contributor | RP |
| Last Edited | RP Jan 05, 2016 01:08pm |
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| Category | Announcement |
| Author | Neal St. Anthony |
| Media | Newspaper - Star Tribune, The (Minneapolis - St. Paul) |
| News Date | Tuesday, January 5, 2016 04:00:00 PM UTC0:0 |
| Description | Family-owned Mills Fleet Farm has agreed to sell to New York-based KKR, one of the country’s largest investment concerns that has holdings in various industries totaling about $100 billion.
Stewart Mills III, a third-generation executive, told the Brainerd Daily Dispatch in October that the retailer needed deeper pockets to expand in order to add stores and update the company’s warehouse. He also said the distribution network needs updating and investment.
Stewart Mills III is a grandson of the founder and is making a second run for Congress in the Eighth District. |
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