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SPIEGEL, INC. COMPLETES PURCHASE OF NEW HAMPTON

 DOWNERS GROVE, Ill., Aug. 27 /PRNewswire/ -- Spiegel, Inc. (NASDAQ-NMS-SPGLA) said today that it has completed the purchase of substantially all the assets of New Hampton, Inc. for $40.1 million.
 Commenting on the acquisition, John J. Shea, Spiegel vice chairman, president and chief executive officer, stated, "We are confident we can assist New Hampton in returning to profitability. The acquisition will allow us to reach yet another vital market segment as part of our ongoing niche marketing strategy. We expect this transaction to help us build on an already record-breaking year in new customer acquisition."
 New Hampton is a specialty catalog company selling predominantly women's apparel at moderate price points. The company's principal catalog, Newport News (formerly Avon Fashions), is an established leader in the market. Two smaller catalogs are James River Traders and Brights Creek.
 Spiegel, Inc. is the dominant multichannel specialty retailer marketing fashionable apparel and home furnishings to customers through catalogs and more than 280 specialty retail stores. Spiegel's businesses include Eddie Bauer, Crayola Kids, E STYLE and For You From Spiegel. Spiegel's Class A non-voting common stock trades on the NASDAQ National Market System under the ticker symbol: SPGLA.
 -0- 8/27/93
 /CONTACT: Ann Morris of Spiegel, 708-769-2590/
 (SPGLA)


CO: Spiegel Inc. ST: Illinois IN: REA SU: TNM

WB -- NY057 -- 6740 08/27/93 16:14 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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