Karstadt does not come out of the crisis. Apparently the owner Nicolas Berggruen sees no future for the department store chain. He is said to have already held initial talks to repel Karstadt.
The real estate investor Rene Benko is according to a magazine report before taking over the ailing department store chain Karstadt. He was “were called in to help to relieve Berggruen as partners” from Nicolas Berggruen Karstadt owner, Benko said the Austrian business magazine “Format” According to a preliminary report. But there was “no final decision”. According to the magazine, this is projected to fall in August. A statement of Berggruen Holdings was not initially obtained spokesman Benkos could not be reached.
The “Bild” newspaper reported, citing the business community that the department store group Karstadt be taken in the next few days of Benko should. The takeover conditions had been fully negotiated
Kaufhof rival Karstadt struggling with losses
Benko had the majority of the operational business of Karstadt Sports and taken to the three luxury department stores -. Berlin’s KaDeWe, the Alster in Hamburg and Oberpollinger in Munich. Benko also has numerous Karstadt real estate. Berggruen only controlled the majority of the traditional department store business. In industry circles, it had already been called in the past, Berggruen Benko have granted an option to the acquisition also of this business. Both sides had not commented on this. De Kaufhof rival Karstadt struggling with losses and shrinking revenues
Video:. The crash of Thomas Middelhoff
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