FRANKFURT, April 12 Strauss Innovation, a German
chain of small department stores, has attracted several
potential buyers after it sought court protection from creditors
in January to try to rescue its business, a German magazine said
on Saturday, quoting its administrator.
Andreas Ringstmeier told weekly WirtschaftsWoche some of the
interested parties were financial investors with experience in
retail industry and had already submitted their indicative bids.
Hans Peter Doehmen, who is advising Strauss on
restructuring, told the magazine there was a good chance that
creditors would get some of their money back. "Our goal is to
get binding offers in April, conclude an agreement in May and
present the investor by June at the latest," he said.
Strauss, owned by U.S. private equity firm Sun Capital
Partners, was founded in 1902 in the western city of Duesseldorf
and employs 1,400 staff.
(Reporting by Marilyn Gerlach; Editing by Alison Williams)