Tag: Karstadt department store
Kaufhof owner Benko gets fresh money from investors
Rene Benko The image of the real estate prodigy has recently cracked. (Photo: Getty Images for Oberpollinger/ ) Frankfurt, Dusseldorf According to company circles, the Signa Group of real estate…
Kaufhof owner Benko gets fresh money from investors
Frankfurt, Dusseldorf According to company circles, the Signa Group of real estate investor René Benko, which is behind the Galeria department store group, has secured fresh equity. The existing investors…
New Galeria boss plans to be operationally in the black for next year
Olivier van den Bossche The new Galeria boss wants to increase sales again this year in the remaining stores. (Photo: Stephan Pick) Eat Just a few days after the end…
Kika/Leiner: René Benko sells furniture chain
Rene Benko His Signa Group took over the furniture chain Kika/Leiner from the Steinhoff Group in 2018 and, according to its own statements, thus prevented insolvency. (Photo: Getty Images for…
Warning house group closes three branches less
Galeria branch in Dortmund The department store is one of the three locations that will not be closed after all. (Photo: dpa) Dusseldorf The department store group Galeria will get…
The customers’ money is as good as gone
Failed solar car Sion “Driven by the sun” was the advertising slogan, which was not entirely correct. (Photo: dpa) Dusseldorf The Munich electric car start-up Sono Motors has filed for…
The customers’ money is as good as gone
Failed solar car Sion “Driven by the sun” was the advertising slogan, which was not entirely correct. (Photo: dpa) Dusseldorf The Munich electric car start-up Sono Motors has filed for…
Big plans for timber construction
wood hybrid construction Wood plays a major role in the construction of the headquarters of the Bavarian Supply Chamber. (Photo: Rendeffect GmbH) Dusseldorf, Munich In March 2023, the British architect…
Zalando share collapses after weak outlook
Zalando The adjusted loss before interest and taxes (EBIT) fell within one year from 51.8 million euros to 0.7 million euros. (Photo: Reuters) Berlin Despite Group-wide cost-cutting measures, Zalando just…
“The department stores have completely overslept the development”
Michael Otto The owner of the Otto Group laments the increasing monotony in many inner cities. (Photo: IMAGO/SEPA.Media) Mr. Otto, many see online retail as the gravedigger of the inner…
“One must not only see the threat posed by new forms of distribution”
Hamburg Mr. Otto, many see online retail as the gravedigger of the inner city. Is your Otto Group complicit in the death of once-proud brands like Kaufhof and Karstadt?The high…
Bankruptcy as the means of choice? No thank you!
Store closed due to bankruptcy Protective shielding procedures also leave many victims behind, often including landlords of shops. (Photo: imago images/Arnulf Hettrich) At first glance, the term sounds harmless: protective…
The medium-sized company that enables ZF wireless software updates
Stuttgart It doesn’t matter whether it’s a combustion engine or an electric vehicle – the performance of car components today is determined by the software. Customers whose vehicles need a…
Rising interest rates put corporations in a tight spot
ECB Tower in Frankfurt The turnaround in interest rates introduced in mid-2022 is causing turmoil in Germany’s companies. (Photo: dpa) Dusseldorf The interest rates, which have been rising rapidly since…
Rising interest rates put corporations in a tight spot
ECB in Frankfurt The turnaround in interest rates introduced in mid-2022 is causing turmoil in Germany’s companies. (Photo: imago images/Jan Huebner) The interest rates, which have been rising rapidly since…
Galeria owner René Benko is building a luxury department store empire in Europe
Rene Benko The Austrian real estate investor wants to set up a global luxury department store chain with a Thai partner. (Photo: Getty Images for Oberpollinger/ ) Dusseldorf The two…
Galeria owner René Benko builds European luxury department store empire
Dusseldorf The two sides of the trading world of the Austrian billionaire René Benko met unabated on Tuesday at the Carsch-Haus in Düsseldorf. Angry Galeria employees demonstrated in front of…
The biggest loser in the Galeria bankruptcy is the taxpayer
Galeria logo in Frankfurt In the course of the insolvency proceedings, the creditors of the department store company have to waive claims in the billions. (Photo: dpa) Dusseldorf, Essen Ultimately,…
Federal Employment Agency calls for future concept for Galeria Karstadt Kaufhof
Closed branch of Galeria Karstadt Kaufhof In the course of the insolvency proceedings, 47 of the currently 129 department stores are to close. (Photo: IMAGO/snowfieldphotography) Dusseldorf, Berlin The Federal Employment…
The deputy editor-in-chief’s weekly recap
Good morning everyone, last Monday our morning conference started with a picture and a sentence: “At the moment the Dax is falling quite steeply”, wrote our team leader Investment &…