FRANCE: Qatari investors near Printemps and Borletti acquisition
By Stuart Todd | 5 April 2013
Qatari investors are on the verge of acquiring 100% of the French department store chain Printemps for an estimated EUR1.6bn as well as purchasing the Borletti Group which owns Italian retail chain, La Rinascente.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
In the money: Fifth & Pacific hit by weak growth at Lucky Brand
US clothing company Fifth & Pacific has admitted its second quarter results were weaker than expected as sales growth slipped at its denim label Lucky Brand.
FRANCE: Qatari investors finalise Printemps acquisition
Qatar-backed Tamburi Investment Partners (TIP) has completed its acquisition of French department store chain Printemps, in a deal that is estimated to be worth EUR1.8bn (US$2.4bn).
Market research related to this article
Galeries Lafayette, SA des in Retailing (France)
Galeries Lafayette is expected to show a good performance over the forecast period and even open some new outlets. This is mainly due to the visits of foreign tourists (in its flagship store in Paris). However, in the regions, the performance could b...
December Monthly Deals Roundup - Retail
The report provides a review of M&As, capital-raising, partnering deals, and agreements entered into by retail companies during December 2012....
Global Department Store Retailing | Verdict Channel Report
A detailed analysis of the global department store market outlining expenditure by region, forecasts, a review of key strategic issues in the sector as well as market shares and profiles of the leading operators....