BERLIN — In another sign of Europe's rapidly consolidating department store sector, speculation is growing that Germany's two main chains, Kaufhof and Karstadt, could merge.
Karstadt's chief executive officer, Peter Wolf, said in an interview Tuesday in the Financial Times Deutschland that a merger with rival Kaufhof would make sense. This came only days after Kaufhof's owner, Metro AG, appeared to put the retailer up for sale, leading to speculation that the two companies have been in negotiations for some time. Those rumors have been denied by Wolf.
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