Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa."We are pleased to add KaDeWe Berlin to Central Group's historic flagship luxury store real estate portfolio," said Central Group's chief executive, Tos Chirathivat.
The deal is haild as a milestone 'in the attempt to restore and restructure the KaDeWe Group operating company toward a sustainable, financially viable business.'
Central Group reportedly eyeing takeover of Signa retail brands fashionunited.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fashionunited.uk Daily Mail and Mail on Sunday newspapers.