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By
DPA
Translated by
Barbara Santamaria
Published
Aug 1, 2016
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Karstadt owner acquires online discount site

By
DPA
Translated by
Barbara Santamaria
Published
Aug 1, 2016

Karstadt owner Sigma Retail said on Monday it has acquired collapsed online fashion outlet dress-for-less.


dress-for-less


Sigma Retail Managing Director Stephan Fanderl said the takeover is for Sigma “an important step towards becoming a retail group with a strong presence in both physical and digital outlets”.

Kelsterbach-based discount site dress-for-less filed for bankruptcy protection earlier in June and announced plans to restructure the business. The company also said it was in advanced talks with investors to lead the e-commerce platform into a new phase.

In April this year, Sigma Retail also acquired a majority stake in sporting goods site Outfitter. 

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