Creates a Global Platform, Positioning HBC for Future Growth in Europe
Transaction Value of €2.825 Billion Agreed, Including the Assumption of Certain Liabilities
HBC Plans to Work with GALERIA Kaufhof's Existing Management Team to Further Strengthen Offerings to Consumers
Agreement Includes Extensive Commitments to Maintain Employment Levels and Store Count, GALERIA Kaufhof to Remain Headquartered…