Hudson’s Bay Company is positioning itself for major global expansion with the purchase of the 15-year-old Galeria Kaufhof department store chain from German retail conglomerate Metro Group for about $3.17 billion.
Another European supermarket retailer has its sights set on the United States: German discount grocer Lidl on Friday announced it is establishing a U.S. corporate headquarters, in Arlington County, Va.
The Retail Industry Leaders Association (RILA) is publicly urging members of the U.S. House of Representatives to approve H.R. 1314, a bill to renew Trade Promotion Authority (TPA) and extend Trade Adjustment Assistance (TAA) legislation.
Gordon Brothers Europe (GBE), a firm specializing in restructurings for the retail, commercial and industrial sectors, has named Heinz Weber as president, overseeing the European subsidiary of Gordon Brothers Group.