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Stock impact report

Galeries Lafayette in Exclusive Talks to Sell BHV Building [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
The French retail group said the potential buyer was “an Anglosaxon actor with a recognized expertise in property assets” and that the deal could go through “as soon as January.” More from WWD CEO TALKS: Galeries Lafayette's Nicolas Houzé Talks Big Investment Bets as 'Boring Retail Is Dead' Galeries Lafayette Appoints Elsa Haddad Director of Finance, Strategy and Transformation Amid Executive Revamp EXCLUSIVE: Veronica Beard Steps Up International Expansion With Paris Pop-up The name of the potential new owner of the building was not disclosed. “The sale of this strategic property asset located on Rue de Rivoli, in the heart of Paris, is being considered under the conditions initially planned with the SGM group,” according to a statement by the Galeries Lafayette group. “This acquisition will be done by the investor in agreement with the SGM group, which will continue to operate the BHV,” it continued. When Galeries Lafayette Group sold the BHV Marais department store Show less Read more
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