Bids Expected Soon for Saks’ Northern Chains

July 1, 2005

Potential buyers including J.C. Penney Co., Dillard’s Inc., Bain Capital Partners and Cerberus Capital Management are expected to make preliminary bids soon on Saks Inc.’s northern department store group.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.