Vacation homes for sale in the German town of Prora, on the Baltic island of Ruegen, feature private saunas and sea views at a steep discount to similar properties nearby. The catch? They’re part of a dilapidated complex of identical, unadorned blocks built by Adolf Hitler to house 20,000 workers on Nazi party-sponsored vacations.
Alcatel-Lucent SA Chief Executive Officer Michel Combes, taking the reins after his predecessor’s turnaround plan failed, told shareholders today keeping the pace of cash consumption under control and focusing on fewer businesses are among the network-equipment maker’s priorities.
Groupama SA plans to sell a building on Paris’s Avenue des Champs Elysees, Europe’s most expensive shopping street, for more than 500 million euros ($660 million), according to three people with knowledge of the sale.
Marks & Spencer Group Plc , the U.K.’s largest clothing retailer, will re-enter France after a decade-long hiatus by opening a store on Paris’s Champs-Elysees and plans to add more outlets in and around the capital city.
Marks & Spencer Group Plc, the U.K. clothing retailer that exited the Netherlands more than a decade ago, will return there next week to open the first in a series of stores, according to a person familiar with the plan.