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| Jeremiah Sullivan, chairman of Macy's West, promised that Macy's will honor Liberty House's history. "We believe in the value of the Macy's name but, at the same time, we are sensitive to the Liberty House tradition," Sullivan said.
Cory Lum • The Honolulu Advertiser |
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| Liberty House President John Monahan, who has been with the company for more than a decade, will leave the company after a transition period. "This is a bittersweet time," he said.
Cory Lum • The Honolulu Advertiser |
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Updated on: Thursday, June 21, 2001
Liberty House sold, will become Macy's
Federated Department Stores Inc. announced June 19 that it will buy Liberty House, Hawai'i's oldest and largest department store chain, and turn it into Macy's.
The acquisition, expected to be completed as early as July 9, includes the entire company and all assets — 11 department stores, seven resort and specialty stores in Hawai'i, and one department store in Guam.
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