At the end of the month, Belgian chain Galeria Inno will be forced to close its webshop. The chain points to its new owner and says its plans for Inno remain unclear for now.
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Canadian Hudson’s Bay and Austrian Sigma Holding have not reached a preliminary agreement about the merger of their respective department store chains Kaufhof and Karstadt: the Canadian company says it has only signed a letter of intent.
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German Signa Holding’s “unsolicited” bid for German department store chain Galeria Kaufhof has been rejected. Hudson’s Bay Company’s board, which currently owns the chain, unanimously voted no.
Investment firm Signa Holding tabled a bid for Kaufhof, Galeria Inno and Galeria Kaufhof’s parent company. It already owns several the other major German department store chain, Karstadt. Kaufhof has sixteen Kaufhof locations in Belgium.
Belgian fashion group Cassis Paprika continues its international expansion as it is heading to Germany. It struck a deal with Galeria Kaufhof, Otto and Amazon. Germany will become the group’s fourth foreign market.
Belgian fashion chain JBC has major expansion plans for Germany, thanks to a deal with department store chain Galeria Kaufhof. JBC’s collection will be sold in Kaufhof’s 99 locations.
Representatives from German department store groups have launched a common initiative in favour of Sunday openings. They demand a level playing field between offline and online retailers.
Belgian Olivier Van den Bossche will step down as CEO of HBC Europe, which manages both Galeria Kaufhof’s German stores and Galeria Inno’s Belgian stores. Wolfgang Link will be his successor.