Galeria Kaufhof news and archive

HBC merges its European business with Signa’s Karstadt

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....

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Business

HBC in talks with Signa for Kaufhof JV

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...

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Retail

HBC receives offer for Galeria Kaufhof

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...