BANGKOK -- Central Group, Thailand's leading retailer, has reached a $1 billion deal with a joint venture partner to buy Swiss luxury department store chain Globus, in a deal that will further expand its business presence in Europe.
Business deals
Thai retail leader and partner to buy Swiss peer Globus for $1bn
Central Group expands European footprint with department store purchase
The addition by Central Group of Switzerland's Globus department stores, seen here in Zurich, means the Thai retailer will have a presence in five countries in Europe. © Reuters
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