News Article

El Corte Ingles to Take-Over Kaufhof

Sales & Trends

Spanish chainstore El Corte Ingles started negotiations with the German Metro Group for the Galeria Kaufhof department stores. Already for some time Metro is trying to sell Kaufhof. According to a recent report

El Corte Ingles to Take-Over Kaufhof

 

MADRID, Spain – Spanish chainstore El Corte Inglés started negotiations with the German Metro Group for the Galeria Kaufhof department stores. Already for some time Metro is trying to sell Kaufhof.

According to a recent report in the German trade journal for supermarkets ‘Lebensmittel Zeitung’ Metro and El Corte Inglés discussed not only a complete take-over, but also the founding of a joint venture under which the Kaufhof department stores could operate.

El Corte Inglés was named earlier as a candidate for the take-over of Kaufhof. The Spanish chainstore sells BH, B-Pro and Scott branded bikes as well as a complete P&A program including bike-wear. Kaufhof doesn’t offer any complete bikes and only a limited P&A program.

 

 

Comment on this article