Handelsblatt cited unofficial information saying that Triton also planned to invest some EUR60m to restructure the department store chain
and it was looking to cut jobs and lower rent costs.
Karstadt s insolvency administrator also wants to sell the department store chain
as a whole.
It expanded rapidly in the past decade, including through the acquisition in 2000 of the 34-store, Seattle-based Lamonts department store chain
Swedish department store chain
Clas Ohlson AB (OMX Stockholm: CLAS B) said on Thursday (22 May) that it has signed a contract for yet another new store in Finland.
STAFF at department store chain
John Lewis and supermarket chain Waitrose will share a record bonus pot of pounds 181.1m after annual profits rose 19 per cent today to pounds 379.8m.
Department store chain
John Lewis has reported a sales surge as the countdown to Christmas began in earnest.
Zorek served for more than 30 years as the department store chain
's top executive in consumer electronics and housewares, retiring about 20 years ago.
has sold its Myer department store chain
for $1.4 billion ($1 billion U.S.) to a consortium of private equity firms, Newbridge Capital and its United States parent, Texas Pacific Group.
Since 1901, department store chain
Peek & Cloppenburg has been a fixture in the lives of German shoppers, beginning life as a gentleman's outfitter in Berlin and thence expanding into ladies' wear and city centres across Germany.
Cherokee's Russell Riopelle expects that most of the merchandise will be for Zellers--Hudson's Bay's mass-merchandise arm--but some may make its way into The Bay, a department store chain
. Details, he says, haven't been finalized.
Taking advantage of many Mexicans' penchant for paying with plastic, Mexican department store chain
Liverpool will open seven new stores this year.
Liverpool is Mexico's largest department store chain
, and Rustans is the Phillipines' premier department store.