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Central Retail Made Offer for Italy’s Rinascente, Mondo Says

Oct. 22 (Bloomberg) -- Thailand’s Central Retail Corp Ltd. made an offer for Italian department store chain La Rinascente, valuing the company at 200 million euros ($278 million) excluding real estate, weekly Il Mondo reported.

The offer was made earlier this month, Il Mondo reported, without saying where it got the information. Italy’s Benetton and De Agostini families may also be interested in the deal, according to Il Mondo, which is Corriere della Sera’s business magazine.

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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