Tag: Karstadt department store
Insolvencies: rising interest rates, recession – experts expect a wave of bankruptcies
Karstadt Kaufhof Gallery In the protective shield procedure of Galeria Karstadt Kaufhof, the management itself organizes the restructuring. (Photo: imago images/Rupert Oberhäuser) Frankfurt There was good news this week in…
For which consultant fees in the millions are paid
Dusseldorf In the Essen headquarters of Galeria Karstadt Kaufhof, almost nothing works without Arndt Geiwitz’s consent. The official title of the 53-year-old is general manager, appointed by the owner, Signa…
Peek & Cloppenburg starts catching up with Zalando and About You
Dusseldorf The Düsseldorf fashion retailer Peek & Cloppenburg has been working on its new web shop for two years. The company is investing a three-digit million sum in digitization. But…
Delivery service should become profitable – Östberg in an interview
Delivery Hero Delivery Hero has taken over many companies in the past. (Photo: imago images/Bihlmayerfotografie) Berlin For a year now, Niklas Östberg has been gearing Delivery Hero towards becoming profitable.…
Galeria Karstadt Kaufhof: Subsidiaries also in insolvency proceedings
Galeria branch in Halle The lease for the location expires at the end of January and the sale has begun. (Photo: IMAGO/Steffen Schellhorn) Dusseldorf After the ailing department store operator…
Galeria Karstadt Kaufhof: Subsidiaries also in insolvency proceedings
Galeria branch in Halle The lease for the location expires at the end of January and the sale has begun. (Photo: IMAGO/Steffen Schellhorn) Dusseldorf After the ailing department store operator…
Galeria Karstadt Kaufhof: Subsidiaries also in insolvency proceedings
Galeria branch in Halle The lease for the location expires at the end of January and the sale has begun. (Photo: IMAGO/Steffen Schellhorn) Dusseldorf After the ailing department store operator…
New figures on salary increases: no wage-price spiral in sight
Good morning dear readers, Economics and popular sentiment are nowhere near as far apart as when it comes to rising salaries. The employee thinks: “Finally more money”. The national economist…
The principle of hope accelerated the decline
Galeria branch in Berlin-Tegel The company did not go through with the restructuring consistently and radically enough last time. (Photo: Reuters) As with the last insolvency proceedings of Galeria Karstadt…
The most important questions about protective shield insolvency
Now managing director Miguel Müllenbach, reorganizer Arndt Geiwitz and trustee Frank Kebekus want to create structures that are sustainable in the long term without further state aid. But after that…
Galeria Karstadt Kaufhof is once again insolvent
Good morning dear readers, Sad but true – at some point, long-lasting misery no longer arouses pity, but weariness: the school friend who repeatedly ends up in toxic relationships. The…
Galeria applies for protective shield insolvency
New logo, old problems Even with new store concepts, the department store chain has not yet been able to generate enough profit. (Photo: GALERIA Karstadt Kaufhof GmbH) Dusseldorf Galeria Karstadt…
Galeria applies for protective shield insolvency
New logo, old problems Even with new store concepts, the department store chain has not yet been able to generate enough profit. (Photo: GALERIA Karstadt Kaufhof GmbH) Dusseldorf Galeria Karstadt…
Galeria wants more than 200 million euros in new state aid
Galeria branch in Bonn The department store chain has again applied for state aid. (Photo: imago images/Marc John) Berlin, Frankfurt, Dusseldorf The ailing department store chain Galeria Karstadt Kaufhof is…
Covenant must allow creative destruction
If you were to start a survey of how many consumers know the “Kaufhof”, that would certainly be a large majority. On the other hand, if you ask consumers when…
René Benko on suspicion of bribery: the allegations of the investigators
Vienna, Dusseldorf The allegations against real estate entrepreneur René Benko weigh heavily. The Austrian Economic and Corruption Prosecutor’s Office (WKStA) is investigating the suspicion that the 45-year-old is said to…
Many German companies turn off the lights
Good morning, dear readers, The discounter Aldi Nord reports via Twitter with the notificationto close many branches earlier from November onwards in the 2022/23 winter season. They want to make…
Losses fuel resistance to new government credit
gallery The newly designed Galeria at the Hauptwache in Frankfurt. (Photo: dpa) Dusseldorf, Berlin In view of the high losses of the department store group Galeria Karstadt Kaufhof, voices in…
There must be no subsidies for Galeria owner René Benko
Galeria branch in Cologne The department stores have had financial problems for a long time. (Photo: dpa) The decline of German department stores has been going on for many years.…
Galeria Karstadt Kaufhof: department store chain in “existence-threatening emergency”
Installation of the new Galeria logo in Frankfurt The department store group wants to convert a large part of its branches for the Galeria 2.0 concept. (Photo: dpa) Dusseldorf, Berlin…