Schlecker Is Valued at Less Than 100 Million Euros, Focus Says
Insolvent German retailer Schlecker may get bids of less than 100 million euros ($131 million) from potential investors, Focus said, citing unidentified creditors and people in the finance industry.
Thomas Roeb, professor for retailing at the Bonn-Rhine-Sieg University and a former adviser to Schlecker, estimates that the price may be in the “two-digit million” range, the magazine said.
To contact the reporter on this story: Sheenagh Matthews in Frankfurt at email@example.com
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.org