M&A Deal Summary

Karstadt AG Acquires Hudson s Bay Company - Europe Retail Operations

On September 11, 2018, Karstadt AG acquired retailer Hudson s Bay Company - Europe Retail Operations from Hudson s Bay

Acquisition Highlights
  • This is Karstadt AG’s 1st transaction in the Retail sector.
  • This is Karstadt AG’s 1st transaction in Germany.

M&A Deal Summary

Date 2018-09-11
Target Hudson s Bay Company - Europe Retail Operations
Sector Retail
Buyer(s) Karstadt AG
Sellers(s) Hudson s Bay
Deal Type Merger

Target

Hudson s Bay Company - Europe Retail Operations

Germany
Hudson's Bay Company - Europe Retail Operations comprises retail operations based in Europe.

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Buyer(S) 1

Buyer

Karstadt AG

Essen, Germany

Category Company
Founded 1881
Sector Retail
DESCRIPTION

Karstadt, based in Essen, Germany, operates department stores, sporting goods stores, gastronomy and food retail activities throughout Germany.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Hudson s Bay

Brampton, Ontario, Canada

Category Company
Founded 1670
Sector Retail
Revenue 9.4B CAD (2019)
DESCRIPTION

Hudson’s Bay operates approximately 250 department stores in the U.S. and Canada. The company owns a portfolio of 77 properties located in premium urban locations, both directly and through its joint ventures, including the Saks Fifth Avenue flagship store in New York. Hudson’s Bay Company offers an assortment of apparel, accessories, shoes, beauty products, and home merchandise through its three retail banners: Hudson’s Bay, Saks Fifth Avenue, and Saks OFF 5TH. Hudson's Bay was founded in 1670 and is based in Brampton, Ontario.


DEAL STATS #
Overall 2 of 3
Sector: Retail M&A 1 of 2
Type: Merger M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Karstadt AG

Essen, Germany

Karstadt, based in Essen, Germany, operates department stores, sporting goods stores, gastronomy and food retail activities throughout Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 Lord & Taylor

New York, New York, United States

Founded in 1826, Lord & Taylor is an upscale specialty department store, with 48 stores in 9 states and the District of Columbia. Lord & Taylor has built a reputation for attentive customer service and high-quality merchandise focused on apparel and accessories products for women, men, and children.

Sell CA$100M