Hudson's Bay downplays unsolicited bid for Kaufhof
Hudson's Bay
Montreal - AFP
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
GMT 17:13 2017 Tuesday ,19 December
GPIC outstanding staff honouredGMT 05:42 2017 Monday ,18 December
French aerospace giant Thales acquires SIM maker GemaltoGMT 11:23 2017 Saturday ,16 December
Euro zone businesses to start 2018 on near seven-year highGMT 12:19 2017 Thursday ,14 December
Zara owner Inditex profits up on strong salesGMT 16:40 2017 Tuesday ,12 December
BAS employs 95% Bahraini staffGMT 13:36 2017 Tuesday ,12 December
Airbus to pay compensation to 2007 Brazil crash victimsGMT 09:23 2017 Monday ,11 December
Two Lafarge bosses charged over jihadist fundingGMT 06:09 2017 Saturday ,09 December
Germany's BASF agrees oil merger with Russian tycoon's firm
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 20:59 2017 Sunday ,03 September
North Korea says conducts ‘perfect’ hydrogen bomb test
GMT 06:26 2017 Wednesday ,18 October
Fake dentists ply brisk trade
GMT 08:10 2017 Saturday ,02 September
ERC steps up aid operations in Yemen ahead of Eid Al Adha
GMT 18:56 2017 Tuesday ,11 April
Tajikistan, Uzbekistan resume flights after a quarter of century
GMT 21:11 2018 Tuesday ,23 January
Sarraf starts official visit to Baghdad, meets Iraqi counterpart
GMT 15:38 2017 Tuesday ,08 August
Expo Centre Sharjah to organise and host 11 exhibitions in H2, 2017
GMT 19:07 2017 Saturday ,25 March
US Stocks Close Mostly Lower
GMT 10:45 2017 Sunday ,17 September
Jay-Z salutes football rebel in New York return
GMT 15:30 2017 Thursday ,23 November
Iraq launches operation to clear last IS holdouts from desert
GMT 21:44 2017 Tuesday ,17 October
GCC public debts reached to $ 415 billion
GMT 03:05 2015 Saturday ,02 May
UNSC urges Malian parties to end fighting
GMT 06:50 2017 Monday ,18 December
'Stupid idea' propels trail-blazing Silk Road runner
GMT 13:11 2017 Friday ,01 December
Pope refers to 'Rohingya' after meeting refugees
GMT 11:47 2017 Wednesday ,01 November
Gatland looking forward to joint training
GMT 13:17 2017 Wednesday ,13 December
New Shanghai SIPG boss Pereira vows to go one better
GMT 09:05 2016 Tuesday ,20 September
Qatar to create its own 'Wall Street'
GMT 14:44 2016 Saturday ,02 April
Mabrouka wins Sheikha Fatima bint Mubarak- Darley Award
GMT 17:45 2016 Tuesday ,08 November
Automechanika Jeddah to feature 180 exhibitors from 25 countries
GMT 21:47 2015 Monday ,09 March
US university expels fraternity over race chant video
GMT 19:31 2017 Saturday ,04 March
Culture Ministry denies firing gunshots at National CircusGMT 03:41 2012 Monday ,30 January
BBC could hire first female director general
GMT 07:47 2017 Thursday ,16 February
Trump ducks questions as Russia scandal deepens
GMT 08:06 2017 Friday ,03 March
Qatar population booms on back of 2022 World Cup
GMT 09:37 2016 Tuesday ,16 February
Goerges crushes Kuznetsova as seeds tumble in Dubai
GMT 22:33 2017 Thursday ,13 April
"And So The Story Began" exhibition at Bait Al Zubair
GMT 08:19 2017 Monday ,31 July
Nesrine will end filming 'Zizo’s Family' soonGMT 19:07 2011 Wednesday ,12 October
Jumeirah\'s Noodle House to expand into Russia
GMT 12:25 2017 Sunday ,02 July
Central America hit by massive power outages
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
