Hudson’s Bay in talks with Signa for Kaufhof joint venture: Reuters
Canada's Hudson’s Bay Co is in discussions with Austrian property and retail group Signa Holding GmbH about a joint venture for its German retail chain Kaufhof, sources told Reuters. The joint ventures calls for Signa’s department store operator Karstadt to acquire half of Kaufhof’s property company, and 51 percent of its operating company, with the option to buy the rest at a later date. Hudson’s Bay rejected Signa’s 3 billion euro bid (US$3.7 billion) for Kaufhof earlier in 2018.
25 June 2018•2 mins read
