PARIS—Thor Equities plans to buy one of Benetton's megastores in Paris for about round $190 million (EURO150M) as it moves into looks to bulk up on European holdings.
Europen media outlet Property Week said the US firm is expected to ink contracts shortly to acquire 51-53 Boulevard Haussmann from owner-occupier Benetton.
Earlier this year, Thor hired former Pears executive Jared Hart to lead a $13 billion (£8bn) push into prime retail assets in major European cities, Property Week notes.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
