PARIS, March 26 (Reuters) – The sale of French department store Printemps to Qatari investors could be a done deal by as early as this summer as the timetable for presenting the deal to its staff is now set, people close to the proposed deal said on Tuesday.
The upmarket department store and tourist shopping hotspot has been the target of a joint bid by Italian businessman Maurizio Borletti allied with Qatari investors, but is also coveted by French retail arch-rival Galeries Lafayette.
“A first presentation meeting has been set for April 5 and there will be two other meetings on April 19 and on April 25,” Bernard Demarcq, Secretary General for the UGICT-CGT trade union told Reuters on Tuesday.
Printemps sale to Qatari investors seen moving ahead
