By  on August 8, 2013

PARIS — Unions opposed to the sale of Printemps to a Qatari-based investment fund suffered a setback on Thursday when a French court rejected their bid to suspend the transaction pending additional information on management’s plans to reorganize the flagship store on Boulevard Haussmann in Paris.

The motion was filed before last week’s announcement that Qatari-backed investment fund Divine Investments SA, or Disa, had completed its acquisition of Printemps after receiving the green light from France’s Competition Authority.

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