Mervyn's
PE consortium split company into real estate and retail, forced retailer to pay rent on properties it previously owned. Extracted $200M in fees. All 257 stores liquidated.
- FOUNDED
- 1949
- ACQUIRED
- Sun Capital Partners, 2004, $1.2 billion
- IMPACTS
- 1 documented
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
Mervyn's founded
Acquired by Sun Capital Partners for $1.2 billion
Mervyn's destroyed by PE consortium that extracted $200M in fees
CriticalClosure / BankruptcyCerberus, Sun Capital, and Lubert-Adler split Mervyn's into real estate and retail entities, forcing the retailer to pay rent on properties it previously owned. Extracted $200M in fees and dividends. All 257 stores liquidated. PE firms later settled lawsuit for $166M.
Before / After
Store count
reported 2008
before 257 stores
after 0 (liquidated)
-100%
Community Reviews
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Tracked Locations
CO · 1
7262 Main St
Denver, CO 80201 · 555-758-9090
FL · 1
3874 Main St
Tampa, FL 33601 · 555-270-8258
IL · 1
2030 Main St
Chicago, IL 60601 · 555-828-3215
NC · 1
3622 Main St
Raleigh, NC 27601 · 555-632-8364
NY · 1
3179 Main St
New York, NY 10001 · 555-765-9873
PA · 1
8428 Main St
Pittsburgh, PA 15201 · 555-815-2115
TX · 2
8153 Main St
Houston, TX 77001 · 555-139-9334
3847 Main St
San Antonio, TX 78201 · 555-861-4000