CAMPEAU <CMP.T> UNIT TO SELL GARFINCKEL'S
Campeau Corp said its Allied Stores Corp
entered into a definitive agreement to sell its Garfinckel's
division to <Raleigh Stories Corp> for 95 mln dlrs.
     The transaction is expected to close in July, the company
said.
    Garfinckel's net sales for fiscal 1986 were 111.9 mln dlrs,
the company said.
    Campeau said it expects to sell its remaining Allied
divisions in the near future. Campeau announced its first
agreement to sell an Allied unit in April, the company said.
                                      
 Reuter
