Sephora is heading east and opened its first flagship store in Russia. The brand also opened its first German flagship store since it left the country 16 years ago and started to re-enter with shop-in-shops last year.
German retailer Metro AG plans to sell its struggling Real hypermarket chain, which some analysts say could fetch around 1 billion euros and attract interest from potential buyers including online giant Amazon .
The owners of a proposed German department store chain formed by the merger of Karstadt and Kaufhof, have agreed to provide the company with a cash injection of 400 million euros, a magazine reported on Monday.
Germany's two major department store chains Kaufhof and Karstadt have agreed to merge, several sources said on Thursday, in the latest changes to the retail sector brought by fierce competition from ecommerce players.