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Deals of the Year

These were some of the biggest apparel- and retail-related deals of 2002, a year lacking in blockbusters:<br><br><br><br>Arthur S. Levine acquires a 50 percent stake in Tahari’s bridge suit business and plans launch of Arthur S. Levine for...

These were some of the biggest apparel- and retail-related deals of 2002, a year lacking in blockbusters:

This story first appeared in the December 10, 2002 issue of WWD.  Subscribe Today.

Arthur S. Levine acquires a 50 percent stake in Tahari’s bridge suit business and plans launch of Arthur S. Levine for Tahari with projected first-year sales of $100 million. (Jan. 8)

May Department Stores Co. continues its push into the bridal business with the acquisition of 10-unit upscale bridal gown retailer Priscilla of Boston from Patricia Kaneb. (Feb. 1)

Intimate Brands, spun off in 1995, is merged back into Limited. Company later is renamed Limited Brands. (Feb. 5)

Wal-Mart Stores agrees to pay about $46 million for a 6.1 percent stake in Japanese supermarket and general merchandise retailer The Seiyu Ltd., with options to raise its stake to 66.7 percent. (March 14)

Building a presence in moderate jeans, Jones Apparel Group acquires Gloria Vanderbilt Apparel Corp. for $138 million. (March 19)

Designs Inc., operator of Levi’s and Dockers outlet stores, acquires the assets of Casual Male at a bankruptcy court auction for about $170 million. (May 3)

Sears, Roebuck & Co. agrees to pay $1.9 billion for direct merchant Lands’ End, setting the stage for the brand’s introduction in Sears stores. (May 13)

Marzotto acquires Valentino from Holding di Participazioni for $210 million, including $179.2 million in debt. The new parent plans a rejuvenation of the brand. (June 3)

Embattled Tyco International spins off CIT Group in an initial public offering valued at $4.6 billion, a fire-sale price but still the fourth largest IPO in U.S. history. (July 1)

Burberry joins the ranks of publicly held companies with a $1.69 billion initial public offering on the London Stock Exchange. (July 12)

In a deal long reported to be in the works, Liz Claiborne acquires Ellen Tracy Inc., the storied bridge resource, for about $180 million. (Sept. 30)

Polo Ralph Lauren acquires a 50 percent stake in its Japanese master license and an 18 percent equity stake in a Japanese sublicensee. (Oct. 15)

Limited Brands agrees to sell Lerner New York to a group led by chief executive Richard Crystal for cash and notes totaling about $153.5 million. (Nov. 22)