Schustermann & Borenstein Said to Start 700 Million Euro Sale

  • Private equity owner Ardian wants first-round bids this month
  • Retailer said to expect 2016 Ebitda of 60 million euros

Ardian SAS, the French buyout firm, kicked off a sale of designer fashion retailer Schustermann & Borenstein GmbH, which could fetch about 700 million euros ($780 million), people familiar with the matter said.

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