
Private equity firm Pai Partners aims to auction its majority stake in Italian department store chain Gruppo Coin by the year-end, a source close to the issue said on Wednesday.
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Private equity firm Pai Partners aims to auction its majority stake in Italian department store chain Gruppo Coin by the year-end, a source close to the issue said on Wednesday.
Italian retail chain Gruppo Coin expanded its children's clothes activities with the acquisition of 54 shops on Friday and said sales at its existing stores were on a positive trend this year.
Italian department store chain Gruppo Coin has seen flat like-for-like sales in June so far after a "big pickup" in May, Chief Executive Stefano Beraldo said.
Sales at Italian department store chain Gruppo Coin have so far been "exactly" in line with last year, with the weather having more of an impact than the recession, Chief Executive Stefano Beraldo said on Monday.