DUESSELDORF, Germany, March 15 German
books to perfumes retailer Douglas Holding has no
plans to sell its bookshop chain Thalia, it said on Thursday.
The books division is facing increasing competition from
online sellers such as Amazon and Douglas said in a
statement a proposal for a new set-up had been made at a board
meeting on Wednesday.
There had been speculation Douglas could look to sell the
chain if a turnaround did not work.
The company said there were no further updates on plans by
the controlling Kreke family to take Douglas private, adding it
was still open as to whether and when such a transaction could
Douglas is due to hold its annual shareholders' meeting on