By  on July 5, 2018

BERLIN — The fusion of Germany’s two department store chains, Karstadt and Galeria Kaufhof, may be nearing reality.

According to a report in the German business weekly WirtschaftsWoche Thursday, a 200-page letter of intent has been signed by René Benko’s Vienna-based Signa Group, owner of Karstadt, and Hudson’s Bay Co., owner of the Galeria Kaufhof chain.

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