Consolidation in Germany’s department store business

2018-09-11T00:00:00

After lengthy negotiations, the owners of the large Karstadt and Galeria Kaufhof chains of department stores have decided to join forces, forming a new company called Deutsche Warenhaus Holding. The related contracts have reportedly been signed already by their respective owners, the Austrian-based Signa group and Hudson's Bay Company (HBC) ...

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