Hudson's Bay downplays unsolicited bid for Kaufhof
Hudson's Bay outbid Signa in 2015 to buy Kaufhof for more than 2.8 billion euros
Montreal - Arab Today
Canadian retailer Hudson's Bay Company confirmed Thursday having received an "incomplete, non-binding and unsolicited offer" from Austria's Signa to buy its German department stores Kaufhof.
HBC, which also owns Saks Fifth Avenue department stores, said in a statement that it had received the offer, which had first been disclosed in the German media.
Reports said Signa had offered three billion euros (US$3.5 billion) for Kaufhof, but HBC pointed out that there was "no evidence of financing" in the bid.
"Consistent with its fiduciary responsibility, the board intends to review the offer in due course, and cautions that the offer is subject to many assumptions, conditions and contingencies," it said.
HBC had outbid Signa in 2015 to buy Kaufhof for more than 2.8 billion euros.
"As we've previously stated, our European business is an important element of the company's strategy," the company noted.
HBC said it had no further comment on the proposed deal.
Source: AFP
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:22 2018 Paper industry around famous Chinese lake to be shut down by 2019
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit Indonesia
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 22:58 2017 Sunday ,19 February
France’s Fillon vows to run despite ‘fake jobs’ row
GMT 14:46 2017 Tuesday ,14 March
Dutch PM says Erdogan massacre claim 'historical falsehood'
GMT 12:40 2016 Saturday ,05 November
China’s airlines ramp up business class services
GMT 07:21 2017 Wednesday ,15 February
Egypt announces success of Sarraj-Haftar meeting
GMT 23:27 2018 Tuesday ,16 January
Bahrain-Palestine trade ties discussed
GMT 07:07 2017 Tuesday ,12 September
Bahrain weather forecast
GMT 01:46 2017 Thursday ,26 October
UAE’s urgent assistance limited causalities of terror blast in Mogadishu
GMT 11:50 2017 Thursday ,23 February
Cult Japanese film director Seijun Suzuki dead at 93
GMT 04:31 2017 Friday ,17 November
Mugabe resisting army pressure to quit
GMT 21:55 2017 Monday ,23 October
Dubai Diamond Conference begins with record number of global experts
GMT 21:39 2017 Monday ,16 October
Egypt urges Iraqi gov't, Kurdish forces to exercise self-restraint, reach consensus
GMT 11:38 2017 Friday ,14 April
Sudanese president begins Kuwait official visit
GMT 02:07 2017 Wednesday ,25 January
Flooding prompts evacuations in Buenos Aires province
GMT 23:35 2017 Thursday ,05 October
Samsung sees further $3 bn profit hit from Note 7 crisis
GMT 00:17 2017 Friday ,24 November
'Star Wars' a perfect escape in a 'dark' era
GMT 02:53 2017 Wednesday ,08 March
North Korean threat has 'entered new stage'
GMT 09:57 2017 Thursday ,27 April
United Airlines to offer passengers up to $10,000 to surrender seats after dragging incident
GMT 01:29 2017 Thursday ,12 October
Former Chad president Habre found guilty of crimes against humanity
GMT 23:50 2017 Saturday ,11 March
Al Houthis interception of relief ships causes famine in Yemen, government says
GMT 19:02 2017 Saturday ,14 January
Odisha chief minister alleges federal government neglect
GMT 15:44 2017 Saturday ,23 September
Two dead, three missing as typhoon rips through Japan
GMT 13:01 2016 Thursday ,31 March
Minister attends youth picnic
GMT 23:24 2017 Wednesday ,26 July
Terrorists neutralized, people urged to remain calm
GMT 08:02 2017 Thursday ,02 November
LeBron happy after Cavs clear-the-air meeting
GMT 04:32 2017 Tuesday ,21 February
Mariah Carey to headline Dubai Jazz Festival
GMT 18:59 2017 Thursday ,30 March
Federal judge in Hawaii extends order blocking Trump's travel ban
GMT 03:00 2017 Saturday ,18 February
Ferrari World Abu Dhabi's new thrill ride to open March
GMT 10:20 2017 Saturday ,14 January
Thousands mark Jesus baptism
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor