Private equity firm PAI Partners has agreed to buy the Hunkenmoeller lingerie chain from Maxeda Retail Group.
Financial terms of the deal were not released.
According to the report by Reuters, Hunkemoeller has 500 stores in the Benelux, France and Germany.
Last week, Maxeda agreed to sell De Bijenkorf department stores to the Selfridges Group, owned by Canada’s Wittington Investments.
Maxeda, a unit of KKR, was formed in 1999 and took on the store chains of the former Vendex KBB group.
