WINNERS BUYS NEW LABEL
By Adnews Staff
Toronto-based specialty retailer Dylex Limited has agreed to sell six of the leases for its Labels division to Winners Merchants Inc. Financial details of the cash deal were not disclosed. Winners will take over the six locations after Dylex sells off Labels inventory over the course of the next two months. Labels is the third division Dylex has sold this year. In August, the retailer sold three of its operating divisions including Thrifty's and Braemar's to American Eagle Outfitters for $110 million and in May sold the assets of Tip Top Tailors to mens wear retailer Grafton-Fraser for $32.2 million.
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