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Bullock's

In 1988, after an ugly takeover battle between Robert Campeau and Macy's for Federated, Bullock's and I. Magnin were sold by Campeau to Macy's as a consolation prize for one billion dollars, which plunged Macy's into debt.

Campeau Corporation

Campeau Corporation was a Canadian real estate development and investment company founded by entrepreneur Robert Campeau.

Claude Blanchet

He started his financial career as the right arm of financial mogul Robert Campeau, serving in the Ottawa region.

Escalation of commitment

After a heated and aggressive bidding war, Robert Campeau ended up buying Bloomingdale's for an estimated $600 million more than it was worth.

Maas Brothers

It was in the same year that Canadian real estate developer Robert Campeau completed his takeover of Allied Stores Corporation.

Macy's, Inc.

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.

Private equity

By the end of the 1980s the excesses of the buyout market were beginning to show, with the bankruptcy of several large buyouts including Robert Campeau's 1988 buyout of Federated Department Stores, the 1986 buyout of the Revco drug stores, Walter Industries, FEB Trucking and Eaton Leonard.

Private equity in the 1990s

By the end of the 1980s the excesses of the buyout market were beginning to show, with the bankruptcy of several large buyouts including Robert Campeau's 1988 buyout of Federated Department Stores, the 1986 buyout of the Revco drug stores, Walter Industries, FEB Trucking and Eaton Leonard.

Shopper's World

By the 1980s, the owners of Shopper's World, Melvin Simon and Robert Campeau, proposed to replace it with a new enclosed, multi-floor structure with four anchor stores, as the original mall was undersized and outdated.

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However, Robert Campeau's Campeau Corporation went bankrupt before plans could be finalized and the expansion begun.