German department store chain Karstadt and its parent company Signa Retail have bought a 70% stake in Hood.de. The online marketplace offers more than 5 million items including apparel and serves about 7 million customers. Hood.de will be integrated (paywall) into Karstadt and Signa Retail’s newly created joint-venture, Karstadt Marktplatz GmbH, which will pursue more partnerships and acquisitions.
from CPP-LUXURY http://www.cpp-luxury.com/karstadt-and-signa-retail-acquire-hood-de/?utm_source=rss&utm_medium=rss&utm_campaign=karstadt-and-signa-retail-acquire-hood-de
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