Page 43 - Central Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Several candidates are lining up to take over the ailing German department store chain Galeria, CEO Olivier van den Bossche claims. Experts are highly sceptical.

German department store giant Galeria Karstadt Kaufhof is in all-too-familiar territory today, after filing for insolvency for the third time in just four years.

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(Bloomberg) -- Central Retail Corp., one of Thailand’s biggest retailers, is open to investing in the iconic Selfridges department store if the opportunity meets the right conditions. Most Read from BloombergIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on This Exclusive Florida IslandBusiness Insider Says Ackman’s Wife Plagiarized Doctoral ThesisTech’s Losing Streak Extends Ahead of Jobs Test: Markets WrapConfidential Jeffrey Epstein Documents Unsealed

The Thai retail group, which already has a majority stake in the operating company that controls Selfridges, could take control of the retailer's property division following the collapse of its JV partner Signa.