Tag: Rationalization and redevelopment
Goldman Sachs is reportedly cutting thousands of jobs
new York According to insiders, Goldman Sachs is cutting thousands of jobs. The plans should be implemented from Wednesday, two people familiar with the project said on Sunday. One of…
Goldman Sachs is reportedly cutting thousands of jobs
new York According to insiders, Goldman Sachs is cutting thousands of jobs. The plans should be implemented from Wednesday, two people familiar with the project said on Sunday. One of…
At Galeria, only a ruthless inventory helps
Galeria branch in Berlin-Tegel The dominant topic in the company is how many jobs will be cut and how many locations will be closed. (Photo: IMAGO/Jürgen Ritter) Anyone who now…
Which branches are now threatened with the end
Galeria Kaufhof in Leipzig The location of Galeria Kaufhof on Neumarkt in the city center is considered safe. (Photo: dpa) Dusseldorf Many municipalities are now worried about the future of…
Douglas boss Sander van der Laan starts with a heavy mortgage
Dusseldorf At the end of October, the world of the Douglas perfumery chain trembled. In no time at all, CEO Tina Müller switched to the supervisory board to make room…
Trigema boss Wolfgang Grupp calls for more entrepreneurial responsibility
Dusseldorf Wolfgang Grupp has been managing the textile manufacturer Trigema for 53 years. Karstadt was an important customer for him for many years. The department store chain is now part…
Cost reduction and job cuts alone are not enough – consultants also have to shape the future
McKinsey and Company McKinsey and other consultants are increasingly focusing on restructuring. (Photo: Charles Platiau) “The consultants are coming!” – this exclamation spread fear and terror in many companies in…
Executives have to go
Galeria branch in Berlin The new executives, hired by Galeria about two years ago after the completion of the first insolvency proceedings, have left the company. (Photo: Reuters) Dusseldorf As…
Berenberg is cutting jobs in London
Flags with the logo of the Hamburg banking house Berenberg The private bank has to cut costs because of the crisis in the capital market business. (Photo: Bloomberg) Frankfurt The…
Morgan Stanley has cut 1,600 jobs – two percent of the workforce
MorganStanley According to an insider, the major American bank has laid off around two percent of its workforce. (Photo: dpa) new York According to an insider, the US bank Morgan…
Kaufhof and Karstadt employees fear for their jobs
Dusseldorf, Essen The Verdi union blames the management around boss Miguel Müllenbach for the renewed difficulties at the department store group Galeria Karstadt Kaufhof. “Mismanagement and a lack of investment…
The biggest construction sites of the renovator
Crisis at Galeria Karstadt Kaufhof The department store group is facing another major renovation, many stores are to be closed. (Photo: dpa) Dusseldorf Galeria boss Miguel Müllenbach prepared the workforce…
The five biggest construction sites of the renovator
Karstadt logo behind a construction site in Munich The department store group is facing another major renovation, many stores are to be closed. (Photo: dpa) Dusseldorf Galeria boss Miguel Müllenbach…
Insolvencies: rising interest rates, recession – experts expect a wave of bankruptcies
Adler Group, Galeria, Corestate If companies have slipped into restructuring in recent years, it was only because, according to experts, they no longer had a functioning business model. Frankfurt The…
Bank expects 1.5 billion loss in Q4
Zurich Credit Suisse shareholders have granted the bank a capital injection of four billion Swiss francs. At an extraordinary general meeting on Wednesday, they cleared the way for two capital…
Credit Suisse expects a loss of CHF 1.5 billion in the final quarter
Zurich The major Swiss bank Credit Suisse confirmed its loss forecast for the fourth quarter before the shareholders voted on a billion-dollar capital increase. According to information from Wednesday, the…
Credit Suisse expects a loss of CHF 1.5 billion in the final quarter
Zurich The major Swiss bank Credit Suisse confirmed its loss forecast for the fourth quarter before the shareholders voted on a billion-dollar capital increase. According to information from Wednesday, the…
Jens Weidmann must be an uncomfortable head of the supervisory board.
Jens Weidman The former President of the Bundesbank is to succeed Helmut Gottschalk as Chairman of the Supervisory Board of Commerzbank in May 2023. When Deutsche Bank introduced Alexander Wynaendts…
Real estate group Corestate examines bankruptcy application
Corestate After numerous management changes in recent years, mismanagement and the slump in the real estate industry, the real estate group is deep in crisis. (Photo: mauritius images / Timon…
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…