British Firm to Unload Kings
PARSIPPANY, N.J. -- After several abortive attempts, Marks & Spencer has once again lined up buyers for Kings Super Markets, the once family-held chain based here. The price is $61.5 million, about half the $110m the British retailer paid for the chain in 1988, while the buyers are an investor group consisting of private-equity firms Angelo, Gordon & Co. and MTN Capital Partners LLC, and retail industry veteran Bruce Weitz.
