Historic Tati discount store site in Paris bought by Belgian group Immobel
16/11/2021 12:21
PARIS, Nov 16 (Reuters) - The historic Tati discount store
site in northern Paris, which lies just downhill from the Sacre
Coeur church, has been bought by Belgian company Immobel
IMMO.BR , said Immobel on Tuesday.
Immobel's plans for the site, which is being acquired from
the Ouaki family and GPG group, entail coverting it into 8,000
square metres of homes, shops and offices.
Tati, well-known in France for its bright pink logo, started
in 1948 when Jules Ouaki, a Tunisian and pioneer in the low-cost
textile market, opened the first store in Paris' immigrant
district of Barbes, just below the Sacre Coeur. (https://www.reuters.com/article/us-france-fashion-tati-idINKBN19H1I1)
(Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan)
((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))