PropertyEU

Tengelmann takes control of 162 Woolworth stores

By A staff reporter 2010-05-14T00:00:00

The privately held Tengelmann Group and its North Rhine-Westphalia-based subsidiary HH Holding are set to take over the 162 stores of insolvent department store chain Woolworth, administrator Ottmar Hermann announced last week. The sale comes just over a year after the Woolworth group filed for administration in early 2009. The ...

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