PRESS DIGEST- Financial Times - March 27
March 27 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
DUESSELDORF, Germany Dec 8 The head of German department store chain Kaufhof, owned by Canada's Hudson's Bay , says the "Black Friday" discount day went well and the Christmas season has got off to a good start.
"Christmas trading has started very well," Kaufhof boss Olivier Van den Bossche told journalists, adding that the Black Friday sale was a success. "We are very satisfied."
Hudson's Bay, which also operates U.S. department store Saks and the upmarket Lord & Taylor department store chain, bought Germany's leading department store from Metro for 2.8 billion euros ($3.01 billion) last year.
Germany's HDE retail association expects sales over the crucial Christmas period to rise 3.9 percent this year to reach more than 90 billion euros for the first time, the group said last month.
($1 = 0.9289 euros) (Reporting by Matthias Inverardi; Writing by Emma Thomasson; Editing by Maria Sheahan)
HONG KONG, March 27 Asian stocks are set to start the week on a cautious note as President Donald Trump's stunning failure to get healthcare reform passed raised concerns about the prospects for his plans to use fiscal stimulus to boost economic growth.