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BERLIN | Germany’s 2 department store chains get clearance to merge

BERLIN  — Germany’s antitrust authority has cleared the planned merger of the country’s two main department store chains, ruling that it doesn’t threaten competition at a time when online retail is rising. The Federal Cartel Office said Friday that the two companies exceed a combined 25 percent of market share only in a few goods … Continue reading BERLIN | Germany’s 2 department store chains get clearance to merge

BERLIN | Germany’s 2 main department store chains set to merge

BERLIN — Germany’s two main department store chains are set to merge in a deal under which Canada-based Hudson’s Bay Co. will form a joint venture with Austria’s Signa. The deal announced Tuesday will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC. It also includes HBC Europe’s other retail holdings, among them … Continue reading BERLIN | Germany’s 2 main department store chains set to merge