2, 9 billion euros offered by the Austrian Karstadt owner Signa for department store chain Kaufhof. For a surcharge they would close no sites and fully reinvest all profits, promises Karstadt CEO Stephan Fanderl.
Karstadt and Kaufhof for 130 years competitors. Now they are to merge. It wants the Austrian Signa Group since August 2014 owner of Karstadt. For Signa provides the Kaufhof owner Metro 2.9 billion euros.
38,000 employees and 219 stores would the merged department store group. Make as many sites still make sense in the modern e-commerce world? Yes, says Karstadt CEO Stephan Fanderl. He wanted to “fight for market share there, where you have lost it,” he told the newspaper “Bild am Sonntag”. “In the textile sector, we see the most room for improvement. Ladies’ and men’s outerwear, accessories, shoes, underwear and socks, children’s fashion” Moreover you’ll put in the inner cities of perfumery and cosmetic products
austerity measures. will not there be a merger, promises Fanderl: “We do not include sites.” However, one can in a merged company to better control the supply of goods “and offer to double locations different assortments.” Signas Buyer embrace “a long-term location and employment guarantee for all Kaufhof and Karstadt branches.” The aim is “to invest and expand.” Therefore the Austrians want to get both names. “Both brands have an almost wholly owned notoriety in Germany”, Fanderl.
also said Fanderl promised to fully reinvest the cost savings from the merger. “The advantages of merging Kaufhof and Karstadt can continue every year twice as much will be invested in the modernization, as it was previously the case with Kaufhof.”
worries of the Canadian retailer Hudson Bay gouged to are Fanderl has not. “American investors do not understand the German trade,” he says of the “Bild am Sonntag”, “just think of Nicolas Berggruen.” Whether an investor as Hudson Bay “time, energy and finances to get it, I do not know”.
video: This snake is in the supermarket the fastest
No comments:
Post a Comment