Through massive junk bond LBOs which were at their most popular in the mid 1980s, Campeau gained control of Allied Stores and Federated Department Stores, owner of Bloomingdale's.
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It was infamous from its ultimately unsuccessful acquisitions of American department store holding companies Allied Stores in 1986 and Federated Department Stores in 1988.
In 1987, the three Herpolsheimer's stores, at that time part of Allied Stores' Block unit, were sold to Federated Department Stores and adopted the name Lazarus.
At the time of Stearn's demise Filene's was owned by Federated Department Stores, and Jordan Marsh was owned by Allied Stores.
Allied | Allied-occupied Germany | Allied invasion of Sicily | Supreme Headquarters Allied Powers Europe | Supreme Allied Commander Atlantic | Allied Stores | Allied intervention in the Russian Civil War | Dominion Stores | Circuit City Stores | Bob's Stores | Allied Irish Banks | Allied Democratic Forces | Seibu Department Stores | Lucky Stores | Allied-occupied Austria | Allied Domecq | The May Department Stores Company | Supreme Commander for the Allied Powers | Supreme Allied Commander | Star Health and Allied Insurance | Schottenstein Stores Corp. | Mediterranean Allied Air Forces | International Union of Bricklayers and Allied Craftworkers | Eppley Institute for Research in Cancer and Allied Diseases | Allied Forces Northern Europe | Allied Dunbar | Allied Control Council | Allied Commission | Yankee Stores | World War II Allied names for Japanese aircraft |
In 1990, Federated—now under the control of Robert Campeau—went bankrupt after its hostile takeover of Allied Stores; it emerged from bankruptcy after the ouster of Campeau in 1992 as a new public company.