Posts tagged as hudson’s bay

  • Suffers from poor Christmas season across Europe: Metro Group

    Monday, October 19th 2015

    Metro cashes more than expected from Kaufhof deal

    by Markus Huber

    Publishing its preliminary figures for fiscal 2014-15 ended Sept. 30, the management of Metro Group said that it netted €1.75 billion from the divestment in Galeria Kaufhof. That was more than originally expected. Altogether, the department chain’s new owner, Hudson’s Bay of Canada, which officially took Kaufhof over effective Oct. 1, paid some €2.8 billion, […]

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    Monday, September 28th 2015

    Hudson’s Bay reveals details on Kaufhof deal

    by Markus Huber

    Hudson’s Bay, from next Thursday new owner of the German and Belgian Galeria Kaufhof and Sportarena stores, has revealed details of how the Canadian retail group wants to re-invent the department store chain. According to Wirtschaftswoche, Hudson’s sees a need to improve Kaufhof’s online business which currently contributes only 2 percent of the retailer’s sales. […]

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    Thursday, September 17th 2015

    Kaufhof: major clean-up under new owners

    by Markus Huber

    Hudson’s Bay, the Canadian retailer, which agreed to acquire Galeria Kaufhof, the German chain of department stores and its affiliated network of specialty Sportarena stores,  is about to implement major changes. Manager Magazin reports that it is likely that Kaufhof’s long-time chief executive, Lovro Mandrac, will leave the company even before the transaction comes to […]

  • Tuesday, June 2nd 2015

    Hudson’s Bay enters the race for Kaufhof

    by Markus Huber

    According to an unconfirmed Reuters report, Hudson’s Bay, the Canadian chain of 90 department stores and owner of U.S. retailer Fifth Avenue, has entered the bidding for Kaufhof, the large German department store and sporting goods chain. Rumors that Hudson’s Bay may be interested in the retailer, which Metro has put on the block, have […]

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    Wednesday, April 29th 2015

    Reuters: Canadian retailer may acquire Kaufhof

    by Markus Huber

    Reuters has heard that Hudson’s Bay, the large Canadian operator of department stores, may be interested in buying Galeria Kaufhof, the subsidiary of Metro which runs some 127 department stores and 13 specialty sports shops in Germany and Belgium. It was said, however, that talks are still at an early stage. The possible Kaufhof sale […]