PARIS — On a last-minute Christmas shopping spree this past weekend, Austrian real estate company Signa acquired the site of Berlin’s iconic department store KaDeWe along with 16 other Karstadt locations, giving a strong boost to the German property market.
The Innsbruck-based real estate giant said it paid 1.1 billion euros, or $1.45 billion at current exchange, to acquire the collection of buildings from HighStreet, a consortium that includes Whitehall, the Goldman Sachs property fund, and Deutsche Bank’s RREEF.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)