Bankrupt German department store chain reportedly in investor talks
Executives from struggling German department store chain Galeria Karstadt Kaufhof (GKK) are reportedly in talks with US cosmetics group Coty and other investors about a possible takeover of the chain's stores. The talks were reported by several media outlets, but the provisional insolvency administrator overseeing Galeria Karstadt Kaufhof's bankruptcy proceedings declined to comment on details. "There are more than two interested parties. We cannot say any more about this at the moment," Stefan
Source: yahoo.com