Article: Wunsche Group may be ready to buy Joop.(Brief Article)

BERLIN -- The Wunsche Group, Hamburg, may be poised to acquire a majority stake in Joop GmbH, Wiesbaden.

Peter Littmann, Wunsche chief executive officer, denied reports that his company's takeover of Joop was a "done deal." However, he told WWD that an agreement might well be announced after a special shareholders meeting on Thursday, which has been called primarily to consider the proposed initial public offering of Wunsche's real-estate subsidiary, Bau-Verein zu Hamburg.

Any number of issues, though, must first be settled before the Joop deal can go through. Designer Wolfgang Joop has openly expressed in the press his desire to sell to Wunsche his 40 percent ...

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