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Dutch lingerie chain Hunkemöller has been sold to private equity business PAI.
Hunkemöller, which is part of Dutch retail group Maxeda, has been bought subject to approval from trade unions and competition authorities.
The transaction is set to be completed in early 2011. It is the latest in a string of deals by Maxeda which sold its luxury department store chain de Bijenkorf to Selfridges Group last week and its V&D department store chain to...