Europe. Birth of a giant department store gorilla ?

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20 July 2018 à 16h04

Updated on 10 May 2019 à 16h56

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2 minutes

Publication: 20 July 2018 à 16h04, Updated on 10 May 2019 à 16h56

Reading time: 2 minutes

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Publication

20 July 2018 à 16h04

Updated on 10 May 2019 à 16h56

Reading time

2 minutes

Publication: 20 July 2018 à 16h04, Updated on 10 May 2019 à 16h56

Reading time: 2 minutes

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In Germany, the Austrian investment company Signa Holding and Hudson’s Bay Company (HBC) signed a letter of intent to merge their respective department store chains, bringing together Karstadt and Galeria Kaufhof. According to WirtschaftsWoche newspaper, the letter proposes a joint venture between Karstadt, Karstadt Sport and Kaufhof. Whereas Karstadt returned to profitability in 2017, Kaufhof remains in the red. The expected deal encompasses 180 department and sports stores and a st

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