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Bob’s Chain Becomes Independent Co.

November 26, 1997

MERIDEN, Conn. (AP) _ Bob’s Stores, a casual clothing and footwear retailer, has been sold by its parent company, CVS Corp., to a group headed by store management.

The top managers of the clothing outlets and Citicorp Venture Capital Ltd. bought the 29-store chain Tuesday. Terms of the sale were not disclosed.

Bob’s Stores has stores in New England, New York and New Jersey. Rhode Island-based Melville Corp., now CVS, bought the chain in 1990.

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