Swiss Jelmoli Holding may seek investors for part or all of the company's stake as the department-store owner is reorganizing its retail and property units, Bloomberg reported citing two unnamed sources. Jelmoli said in January it was considering to separate its retail and property assets, valued at some EUR 1.42 bn, and sell shares in these units.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
