×
3 766
Fashion Jobs
JOHN LEWIS
Loss Prevention Partner
Permanent · HORSHAM
JOHN LEWIS
Loss Prevention Partner
Permanent · HIGH WYCOMBE
FRASERS GROUP
Warehouse Shift Manager - Day Shift
Permanent · SHEFFIELD
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · MACCLESFIELD
FRASERS GROUP
CRM Assistant
Permanent · SHIREBROOK
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · SOUTHPORT
BOOHOO GROUP
us Compliance Analyst
Permanent · MANCHESTER
HARRODS
Manager - Online Administration And Returns
Permanent · THATCHAM
FARFETCH
Senior Legal Counsel - Commercial
Permanent · LONDON
FRASERS GROUP
Delivery Manager
Permanent · BASINGSTOKE
CROCS
Key Account Manager - Mainstream, Departmental & Value Channel UK
Permanent · LONDON
FRASERS GROUP
Information Security Governance Analyst
Permanent · SHIREBROOK
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
HARRODS
Uniformed Security Officer - Thatcham Distribution Centre
Permanent · THATCHAM
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
SELFRIDGES
HR Administrator (Part-Time)
Permanent · ENDERBY
SELFRIDGES
Digital Personal Shopping Content Manager
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · POOLE
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent ·
ZARA
Zara High Wycombe - General Manager
Permanent · HIGH WYCOMBE
By
Reuters
Published
Sep 11, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Owners to inject $464 million into Karstadt/Kaufhof merger

By
Reuters
Published
Sep 11, 2018

The owners of a proposed German department store chain formed by the merger of Karstadt and Kaufhof, have agreed to provide the company with a cash injection of 400 million euros ($464 million), a magazine reported on Monday.

Reuters


Canada’s Hudson’s Bay (HBC), which bought Kaufhof in 2015, has agreed to a joint venture with Austria’s Signa Holding, which owns Karstadt and will hold around 51 percent of the new business, sources had told Reuters last week.

German business magazine Wirtschafts Woche reported that the owners of the merged company have agreed to inject the cash, with HBC and Signa due to provide 100 million euros each, citing people close to the negotiations.

The additional 200 million euros will come from the sale of two properties currently owned by a consortium led by Hudson’s Bay, Wirtschafts Woche said.

HBC did not immediately comment on the report while a spokesman for Signa could not be reached.

© Thomson Reuters 2023 All rights reserved.