The Supervisory Board of Karstadt had to postpone its session. The supervisory committee is still waiting for the approval of the antitrust authorities for acceptance by Signa. The renovation should be addressed swiftly yet.
After the change of ownership at Karstadt the ailing department store chain has postponed its board meeting again. The originally scheduled for August 21 meeting of the supervisory body would take place only after the approval of the antitrust authorities for acceptance by the Signa Retail GmbH, Karstadt said on Tuesday.
agency decision not lay hands
Supervisory Board Chairman Stephan Fanderl reiterated: “We will address the rehabilitation of the Karstadt department store GmbH swiftly and decisively. ” But the Authority’s decision can not prejudge the management. “Therefore, be set a new meeting date after the release of the takeover by the Federal Cartel Office and the election of shareholder representatives.”
Endangered Karstadt stores
The former Karstadt owner Nicolas Berggruen had delivered its shares in the Austrian investor Rene Benko and its Signa in the past week. Urgent decisions on the reorganization of ailing tradition Group had been postponed after the abrupt departure of company boss Eva-Lotta Sjöstedt mid-July. Originally, the board should have the end of last month busy with the renovation.
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