Douglas Holding, the parent company of Germany’s struggling bookstore chain Thalia, has arranged a buyout that might take the company private, and at the least it will increase the stake of the founding Kreke family. US private equity firm Advent International is leading the bid, which values the company at 1.5 billion euros. Douglas Holding includes successful a perfume and cosmetics chain, a jewellery seller, clothing stores and candy stores. The company’s results have suffered mainly due to the continuing restructuring at Thalia, recording a group net loss of 73 million euros in the first nine months of their most […]
