Despite an unsolicited offer worth a reported US$3.5 billion for its European department store business, it’s not clear that Hudson’s Bay Co. will jump at the chance to offload the Galeria Kaufhof brand or halt an expansion of its flagship stores into Europe. Toronto-based HBC confirmed that it received “an incomplete, non-binding and unsolicited offer with no evidence of financing” on Wednesday for Kaufhof and other real estate assets from rival Signa Holding GmbH, Austria’s largest privately owned real estate company...
Austrian rival Signal extends second bid for the company’s German department-store chain
Allegations of price fixing in the bread aisles of major grocers are "shocking" and "bizarre," analysts said Wednesday as more companies came forward to reveal they are co-operating with an investigation by the country's competition watchdog.
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