Yankee Candle Co. to be sold, according to Reuters report
The private equity company that owns Yankee Candle Co. is preparing to sell it, the news service Reuters reported Wednesday, citing unnamed sources. The company was acquired by the Chicago-based buyout firm Madison Dearborn Partners for $1.6 billion in 2006. Madison Dearborn is now working with Barclays and Bank of America Merrill Lynch on a sale process that is still in the early stages, according to the Reuters story.
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