Central Retail May Raise Offer for La Rinascente, Sole Reports

Thailand’s Central Retail Corp Ltd. may raise its offer for Italian department store chain La Rinascente SpA, daily Il Sole 24 Ore reported, without saying where it got the information.

Central Retail may offer 220 million euros ($314 million), according to the Italian newspaper. The Thai company would challenge a bid led by La Rinascente Chairman Maurizio Borletti, Il Sole reported.

To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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