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Burlington Coat Factory plans IPO

The privately held parent company of discount-clothing retailer Burlington Coat Factory said it told the Securities and Exchange Commission that it intends to sell shares in an initial public offering.

Burlington Coat Factory store on East Market Street, Philadelphia. June 2013 (Reid Kanaley / Staff)
Burlington Coat Factory store on East Market Street, Philadelphia. June 2013 (Reid Kanaley / Staff)Read more
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The privately held parent company of discount-clothing retailer Burlington Coat Factory said it told the Securities and Exchange Commission that it intends to sell shares in an initial public offering.

The number of shares and their price had not yet been determined, Burlington Holdings Inc. said. The South-Jersey company, now with 503 stores, was taken private by Bain Capital in a $2.1 billion deal in 2006, when it had 366 stores.

Burlington reported last week that net sales rose 8.4 percent to $1.07 billion for the quarter that ended May 4. - Reid Kanaley

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