Hudson's Bay

US businessman Richard Baker among bidders for bankrupt German department store chain Galeria Karstadt Kaufhof

by

By Reuters Published Apr 7, 2024 The investment firm of US businessman Richard Baker is among the two remaining bidders for Germany’s most prominent department store chain Galeria Karstadt Kaufhof, business outlet WirtschaftsWoche reported on Friday. Reuters “We are not commenting on the bidding process,” said a spokesman for Galeria’s insolvency manager Stefan Denkhaus. NRDC was not … Read more

Saks Fifth Avenue flagship appraised at $3.6 billion as it renews Neiman push

by

By Bloomberg Published Mar 29, 2024 The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship … Read more