Breuninger apparently about to be sold – schuhkurier

Breuninger’s 13 locations are located in Stuttgart, Düsseldorf and Leipzig, among other places. According to “Wirtschaftswoche”, the owner family is planning to sell both the department stores and the real estate. The sales process has been underway since June. According to reports, there are already 31 interested parties. As Wirtschaftswoche has determined, the real estate could be worth 1.8 billion euros, and the company as a whole could be worth around two billion euros.

According to “Wirtschaftswoche”, potential buyers could include the Spanish department store company Il Corte Inglés or the French department store operator Galéries Lafayette. Fund companies are also mentioned as possible buyers of real estate, as is the Thai Central Group.