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Canada’s Hudson’s Bay Company and Metro Group Reach Agreement over Sale of Galeria Kaufhof

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DÜSSELDORF, Germany & COLOGNE, Germany & TORONTO--(BUSINESS WIRE)--Canada-based Hudson’s Bay Company, one of the foremost retail operators in North America and its longest continually operated company, and Düsseldorf-based METRO GROUP today announced that they have entered into a definitive agreement under which HBC will acquire Metro’s department store group GALERIA Kaufhof and its Belgian subsidiary Inno for a transaction value of €2.825 billion, including the assumption of certain liabilitie

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