The Spring, a candidate for redemption Karstadt
Borletti group does not budge. The Italian owner of Spring, has indeed filed on Wednesday a takeover bid for German Karstadt department stores belonging to the giant Arcandor bankrupt.
Karstadt stores, whose most famous department store KaDeWe in Berlin, however, have been awarded last June to the investor Nicolas Berggruen associated with group BCBG Max Azria fashion that takes 20% stake. The pair pledged to resume all their 120 stores with 26,000 employees.
However, the sale is not finalized yet: it remains in effect suspended from a rental agreement negotiated between, on one hand, the two prospective owners and, secondly, Highstreet, which owns the Karstadt department stores walls. According to Dow Jones Newswire, the period of exclusivity granted to Berggruen expires on August 10 but would extend the financier.Borletti plans to oppose it by sending a letter Thursday to the director of Karstadt.
"The best offer" by Borletti
The Italian investor, Maurizio Borletti is the boss, so take advantage of these difficult negotiations to make its own offer, which according to him, is "the best deal for all parties." The group proposes to inject 100 million euros in department stores online payday loans. It undertakes not to dismantle the company and reinvest the profits and dividends for five years.
Borletti also promises not to close any stores in the short-term and 'preservation of employees' basic ':' no new termination, no increase in hours worked or pay cut, "he assures.
In addition, Borletti holder of 2% of capital Highstreet since 2007, says he would not need to renegotiate the rent.
Founded in 1860, the family group Borletti invested exclusively in department stores over the past five years. It has acquired shares in 2005 in the Italian department store La Rinacente and has invested the following year, in the French department store Printemps.
For its part, the union Verdi, which had welcomed the offer of Berggrün, said that the proposal Borletti arrived so late was not serious. "Mr. Borletti knew the deadline was the end of May, said a door-paroel Verdi at Berliner Zeitung.If he wanted to make a serious offer, he would have been able to do so. According to the German daily, including Verdi doubt that Borletti be able to make 100 million euros announced and suspected to be primarily concerned with Italian luxury stores Karstadt.