German weekly information journal Der Spiegel reported Sunday that the house owners of European trend chain C&A are contemplating promoting the corporate to a Chinese language investor.
Der Spiegel revealed a report on-line that cited unnamed firm sources saying a deal was near completion.
C&A operates a whole lot of retail shops throughout Europe, Latin America and Asia. The corporate was based in 1841 within the Netherlands by brothers Clemens and August Brenninkmeijer. The Brenninkmeijer household nonetheless owns C&A by way of Swiss-based mostly Cofra Holding AG.
In a press release, the holding firm stated it was “absolutely dedicated to a profitable, future-proof C&A enterprise and as such at C&A we’ve launched into a change and progress program.”
With out addressing the reported sale instantly, it stated: “The continued transformation of C&A consists of an investigation of the way to speed up in excessive progress precedence areas reminiscent of China, emerging markets and digital and that would probably embrace partnerships and different forms of further exterior funding.”
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