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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.
DUESSELDORF - Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Read more at straitstimes.com.
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.'