SIGNA Holding GmbH’s $3.5 billion offer for Hudson Bay Company’s German business

Skadden is representing SIGNA Holding GmbH in its $3.5 billion offer for Hudson Bay Company’s German business

Saks Fifth Avenue owner Hudson’s Bay Co received a $3.5 Billion bid for its German department store chain Kaufhof from Signa Holding.

Hudson’s Bay plans to review the offer in due course, but added that its European business is an important element of the company’s strategy.

SIGNA Holding GmbH owns and operates a long-term portfolio of properties. It offers real estate development; services for transactions, development, research, leasing, construction, and asset management; and real estate investment products. The company, led by Christoph Stadlhuber, René Benko, Marcus Mühlberger, Robert Leingruber and Frank Tölle, is based in Vienna.

Galeria Kaufhof Gmbh owns and operates department stores in Germany and Belgium. It offers fashion and lifestyle products. The company was founded in 1879 and is based in Cologne, Germany.

Hudson’s Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offer fashion apparel, accessories, cosmetics, and home products. The company, led by Richard Alan Baker and Ian G. Putnam is based in Toronto.

Skadden is representing SIGNA Holding GmbH with a team including Stephan Hutter (Picutre), Eric Cochran and Stephen Arcano.

 

Involved fees earner: Stephan Hutter – Skadden Arps Slate Meager & Flom; Eric Cochran – Skadden Arps Slate Meager & Flom; Stephen Arcano – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: SIGNA Holding GmbH;