German fashion retailer Breuninger is among the suitors eyeing an acquisition of Berlin’s iconic department store KaDeWe in a deal possibly worth more than €100 million ($109 million), according to people familiar with the matter.
Stuttgart-based Breuninger has tapped investment bank Macquarie as adviser and may seek a tie-up with a partner for the deal, which relates to the store’s operating business, said the people, who spoke on condition of anonymity because the information is private.
Breuninger is among more than a dozen suitors that have signaled interest in buying KaDeWe, according to one of the people. In addition to ...
