Home News Goldsmith Group, will not provide for Kaufhof

Goldsmith Group, will not provide for Kaufhof


ZURICH (Dow Jones) – The Goldsmith Group adopted voluntarily from the bidding for the Metro-owned department store. The company said on Wednesday without giving further details. The Goldsmith group had expressed an interest in early May, the department store division.

The Goldsmith Group was 2007 by the private equity investor Clemens J. Vedder been launched and has contributed to their own data including the consolidation process in the German retail trade.
Metro AG, Cologne wants to redeem the sale of Galeria Kaufhof 2 billion to 3 billion EUR. In that range is moving the fair value of department store together with corresponding properties, CEO Eckhard Cordes said in late April. According to Cordes is one of the approximately 140 objects, about half of the department store chain.

Web sites: www.goldsmithcapitalpartners.com
DJG / bam / jhe