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Signa Sends Hudson's Bay Details of Financing for Kaufhof Bid

TORONTO, Canada — Signa Holding GmbH, the Austrian property and retail group that owns German department store operator Karstadt, sent Hudson’s Bay Co this week details of the financing it has put together for its 3 billion euro bid ($ 3.5 billion) for Kaufhof, Germany’s largest retail chain, owned by Hudson’s Bay.

Hudson’s Bay, which also owns the Saks Fifth Avenue luxury department store chain, had said last week it would review Signa’s offer for Kaufhof, but al…
The Business of Fashion

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