Karstadt wants to slim down to get back on track
Andrew Jennings, chief executive of Karstadt, told Financial Times Deutschland (FTD), that the department store chain is serious about reducing its offer by shutting down some of its segments (including electronics) as well as a smaller offer of fashion. While Jennings did not say much about sporting goods in particular, he is devoted to checking...
No decision on possible Kaufhof sale before next year
Eckard Cordes, the departing chief executive of the Metro Group, told Frankfurter Allgemeine, the German newspaper, that the race for the acquisition of Kaufhof is still open. There are bids on the table from Nicolas Berggruen, the owner of Karstadt, the other major department store chain in Germany, as well as from René Benko, an...
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