Crate & Barrel sells to Otto Versand

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German mail order giant Otto Versand, Hamburg, agreed to acquire a majority stake in home furnshings retailer Crate & Barrel, Northbrook, Ill., Crate & Barrel said. Privately-held Otto Versand owns a majority interest in other U.S. retailers, including Spiegel Catalogue, Eddie Bauer and Newport News.

Copyright February 1998, Crain Communications Inc.

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