Dillard's CDI purchase | Arkansas Blog

Wednesday, December 10, 2008

Dillard's CDI purchase

Posted By on Wed, Dec 10, 2008 at 8:40 AM

Roby Brock at Talk Business has some details from a recent regulatory filing by Dillard Department Stores, which includes the price -- nearly $10 million -- it paid to buy out the Clark family's 50 percent interest in the CDI construction firm. The joint venture fell on rocky times following the death of co-founder William Clark and the mysterious disappearance of CDI's chief financial officer, John Glasgow.

It has been suggested to me, only half in jest, that Dillard's purchase of CDI, traditionally profitable, is the best business decision the company has made in many a year.

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