Italian fortunes

Who wants to buy Le Printemps department stores?

Who wants to buy Le Printemps department stores?

2006 was an important year for Le Printemps, the french department store. It was the year that PPR group sold the luxury department store. Financial speaking, the trade was pretty complex. Le Printemps was sold for 1.07 billion euros to a financial group based in Luxembourg. A subsidiary of Deutsche Bank, grouping several investors take over 70% of the capital. The other 30% is taken by the Borletti group. This group, also based in Luxembourg gathers several investors: The Borletti…