(MENAFN) The sale of French department store chain Printemps to a group of Qatari investors has been ordered to a halt by a French court, Arabian Business reported
The court came to the decided to halt the USD2.33 billion sale so it undergoes further consultation with unions
Earlier last year, a court found that the sale had no irregularities, but an appeal court last week found that procedures around consultation had not been met
Printemps employs over 3,000 people, working at 16 department stores in the country
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.