Beauty products, handbags, shoes, underwear - these are to be the focal points of German department store chain Galeria Karstadt Kaufhof's product range in future. ‘This will enable us to clearly differentiate ourselves from the competition,’ the company's managing director, Olivier Van den Bossche, said on Tuesday. For beauty products such as...
May 8, 2024
NRDC Equity Partners, the New York-based parent company of Hudson’s Bay, and BB Kapital SA, the investment firm of businessman Bernd Beetz’s family, have come together to acquire German department store firm Galeria Karstadt Kaufhof GmbH. The consortium have joined hands as part of Galeria’s insolvency plan, with the company’s administrator...
Apr 11, 2024
Hudson’s Bay Company (HBC) has entered into definitive agreements with Signa Retail Holdings, to form a strategic partnership for its European retail and real estate assets. The development would see HBC Europe's retail operations merge with Signa's Karstadt Warenhaus GmbH, with HBC taking a 49.99 percent interest in the combined businesses....
Sep 11, 2018
Hudson’s Bay Company (HBC) is said to be in talks with Austrian property and retail group Signa Holding GmbH to form a joint venture for its German retail chain Kaufhof, reports Reuters quoting sources familiar with the development. Canada-based HBC had earlier rejected Signa’s 3 billion euros (3.7 billion dollars) bid for Kaufhof earlier this...
Jun 27, 2018
After selling their iconic Lord & Taylor flagship store, Hudson's Bay Co. has received an unsolicited offer from Signa for their main European asset, Germany's Galeria Kaufhof. The news first broke on Business of Fashion. Saks said on Wednesday they received “an incomplete, non-binding and unsolicited offer with no evidence of financing” from...
Nov 2, 2017
Off 5th, Saks Fifth Avenue´s off-price business, is seemingly doing very well in the United States. As the acquisition of the Galeria Holding by Saks´s parent company Hudson Bay´s Co (HBC) nears completion, the company is eyeing opportunities for expanding to Europe. “We intend on bringing Off 5th to Germany,” said HBC´s CEO Storch in an...
Nov 18, 2015
London - Hudson’s Bay, the owner of US retailer Saks Fifth Avenue, is buying Germany’s biggest department store chain, Galeria Kaufhof for 2.82 billion euros including certain liabilities, according to a statement from Metro, the current owner of Kaufhof. Toronto-based Hudson’s Bay, which operates its namesake department store in Canada as well...
Jun 16, 2015