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Hudson's Bay Owner To Buy German Department Store Chain

NRDC Equity Partners Reportedly Wins Bid for Galeria Karstadt Kaufhof
Galeria Kaufhof's front store in Cologne, Germany. (Photo by Ying Tang/NurPhoto via Getty Images). (NurPhoto via Getty Images)
Galeria Kaufhof's front store in Cologne, Germany. (Photo by Ying Tang/NurPhoto via Getty Images). (NurPhoto via Getty Images)

US investor NRDC Equity Partners is about to take over German department store chain Galeria Karstadt Kaufhof, reported German financial daily Handelsblatt, citing sources familiar with the situation.

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