Carrefour shelves spinoff: market woes wreck plans for separate real-estate firm
Article Abstract:
French retailer Carrefour S.A. announced that it will not yet spin off its real estate to form a public company, citing poor economic and market conditions. The plan had been to create Carrefour Property, a real estate firm owning 60% of its property holdings and would have been worth approximately $29 bil to $35 bil. Carrefour is the second largest international retailer by sales.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Selfridges has agreed to back takeover offer
Article Abstract:
Selfridges PLC has accepted billionaire Galen Weston's acquisition offer of 598 million pounds (835 million euros). However, Aletheia Partners Ltd. said it would make a counterbid for the department store chain.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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J.C. Penney unveils plan to cut jobs
Article Abstract:
J.C. Penney Co. is planning to downsize its labor force, as well as shutdown some Eckerd and Penney stores. The company may also take some major financial charges.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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