German retail concern Arcandor has held talks on a possible merger between its Karstadt department store chain and Metro subsidiary Galeria Kaufhof. An initial exploratory talk between Arcandor's CEO Karl-Gerhard Eick and Eckhard Cordes, the CEO of the Metro Group, took place last Thursday.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
