BERLIN : Thai retail and property conglomerate Central Group said on Monday it will take full ownership of Magazine zum Globus AG, which operates luxury department stores in Switzerland.
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BERLIN : Thai retail and property conglomerate Central Group said on Monday it will take full ownership of Magazine zum Globus AG, which operates luxury department stores in Switzerland.
The business of all nine Globus stores in Switzerland will come under the sole ownership of Central Group, the company said in a statement, adding that the new ownership structure of Globus Switzerland’s property company would remain unchanged.
(Writing by Rachel More; editing by Matthias Williams)