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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
