Hudson's Bay, the owner of the German department store Kaufhof, one of the parties who want to buy V & D. So say insiders against the NIS. What plans with the shops and the name V & D is not known.
Hudson's Bay dates from 1670 and is the oldest company in North America. It has more than 460 stores. Famous names are Saks Fifth Avenue, Lord & Taylor and kitchen specialist Home Outfitters. Last year, the German Kaufhof with it.
For 2.8 billion euros more than a hundred German stores were acquired. This Hudson's Bay made its appearance on the European market for department stores. The takeover of Kaufhof was in his own words, the basis on which the company wants to grow further across Europe.
Hand in hand
A takeover by Hudson's Bay seems to cater to the wishes of the owners of the V & D buildings, which play an important role in the negotiations. Like the board of V & D wish they would leave a department store for the middle in as many cities, state in a joint statement.
The chance that all 62 sites remain intact, is however small. Some offices have structural problems. They are too large, standing in the wrong place or near a V & D facility that runs better.
Sun Capital
Besides Hudson's Bay have also reported other parties to buy V & D. The contenders will be announced early next week.
Even former owner Sun Capital would be in the running for a restart with a number of branches. But there are many objections. Thus the works of V & D, the trustee has enjoined not to re-enter with a daring investor in the sea, because that would be of only short-term profit.
Other potential buyers of parts of V & D have to be quick. The "submission deadline" of the trustee closes today.
NOS.nl/ © Reuters
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