Parisian (Bon-Ton)

Parisian
Type Subsidiary
Industry Retail
Founded 1877 (Birmingham, Alabama, USA)
Headquarters Rochester Hills, Michigan, USA
Number of locations 3 (2010)[1]
Area served Metro Detroit
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
Parent The Bon-Ton
Website www.bonton.com

Parisian is a specialty department store chain in Metro Detroit, operating in three suburban locations in Livonia, Rochester Hills, and Clinton Township. Bon-Ton Stores, Inc. acquired the trio of store locations from Belk in September 2007.

Contents

History

Founded in Birmingham, Alabama, Parisian had undergone a series of restructurings and mergers during its 130-year history, becoming a regional chain throughout much of the southeastern United States by the 1980s. Belk bought the department store chain from Saks Incorporated in a $285 million deal on September 30, 2006 and immediately resold five of the store locations in Michigan, Indiana and Ohio to Bon-Ton Stores, Inc. Only the three in Michigan kept the Parisian name. Bon-Ton did not acquire the corporation side of Parisian and are not allowed to open any new stores or convert other stores to the Parisian nameplate, except for the rights to one under construction.

Sale of Parisian store locations to Bon-Ton in 2006

On October 25, 2006 Belk announced the $22 million sale of four Parisian stores and rights for the construction of a fifth store to The Bon-Ton Stores, Inc. The store locations, with Bon-Ton corporate store numbers included, are:

The sale closed on October 31, 2006.[4] At that time, Bon-Ton operated 282 stores in 23 states under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's, Younkers and Parisian nameplates.[5]

The two Bon-Ton-owned Parisian stores in Michigan operating prior to October 2007 — Laurel Park Place in Livonia, and The Village of Rochester Hills in Rochester Hills — have continued the Parisian nameplate.[6] The Clinton Township store, which opened October 18, 2007, also operates as a Parisian location.[7]

Unlike retailers such as Belk and Macy's, which have consolidated acquisitions into a unified brand, Bon-Ton has not announced plans to consolidate its brands into one or a handful of nameplates. The Rochester Hills store location serves as the corporate headquarters for the Parisian division, and all three are serviced by Bon-Ton's distribution center in Fairborn, Ohio.

References

  1. ^ The Bon-Ton Stores, Inc. 2010 Annual Report
  2. ^ Insideindianabusiness.com, Parisian in Downtown Indianapolis to Undergo Changes - Newsroom - with Gerry Dick]
  3. ^ Simon.com, Mall directory
  4. ^ Bonton.com
  5. ^ Bonton.com
  6. ^ Bonton.com
  7. ^ Freep.com

Additional resources

  1. ^ Merchandising "Saks Incorporated Annual Report (Parisian)". SEC Filing, 10 April 2006.
  2. ^ "The Look" Parisian Fall 2006 Catalog. Parisian., September 2006.
  3. ^ Merchandising "For new owner, Parisian is 'bon'". IndyStar.com, 26 October 2006.

External links