The privately held Tengelmann Group and its North Rhine-Westphalia-based subsidiary HH Holding are set to take over the 162 stores of insolvent department store chain Woolworth, administrator Ottmar Hermann announced last week. The sale comes just over a year after the Woolworth group filed for administration in early 2009. The financial details of the transaction were not disclosed.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
