Monday, October 17, 2016

Now the sale of Kaiser’s Tengelmann – FAZ – Frankfurter Allgemeine Zeitung

Tengelmann managing partner Karl-Erivan Haub, is to begin this week in order to liquidate the supermarket chain Kaiser’s Tengelmann in individual parts. He sees 8000 Put at risk, especially in the 105 stores in North Rhine-Westphalia.

Kerstin Schwenn author: Kerstin Schwenn, Economics correspondent in Berlin. Georg Meck author: Georg Meck, Deputy head of the economy and the “money & More” the Frankfurt General Sunday newspaper.

Haub, confirmed at the weekend, but he was “up to the last Minute” for a friendly solution, the Emperor’s get Tengelmann as a Whole. The time window was being closed only when the first store was sold; this will take a few weeks.

A type of right of first refusal for the stores want to be Haub Reportedly after the supermarket operator, Edeka, Tengelmann wanted to completely take over. The antitrust problematic business depends, however, after complaints from Rewe, Norma and Striking before the court. Because of the growing losses Haub looking for a way out.

Federal Minister of Economics Sigmar Gabriel (SPD) had expressed after the Failure of rescue talks between Tengelmann, Edeka and Rewe in front of the weekend in the hope that an agreement and “the rescue of 16,000 jobs” could succeed. This is also the hope of Chancellor Angela Merkel.

Gabriel did not mention the possibility of a mediation, but said, if he would be personally as an Arbitrator. This Rewe chief Alain Caparros suggested. Caparros is the blame for the impending end of the Tengelmann markets of their owners. “If Mr. Haub stops, as the sun king, to be listed, there are no losers,” he told the Frankfurter Allgemeine Sunday newspaper.

The Interview with Rewe CEO Caparros click here.

The announced destruction of the supermarket chain is just a “Menacing”. There is no second case of Schlecker with the loss of Thousands of jobs, the threat, he added, and renewed his offer, Kaiser’s-Tengelmann-to take on markets in large numbers.

is the First Haub’ve screwed up the business with the stores, then the sales to Edeka in the Sand, and now he, the Rewe-chief to serve as a bogeyman: “What’s going on there, a mess,” said Caparros, and spoke of the “testosterone war of the chieftains”.

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Haub made, meanwhile, Caparros responsible for ensuring that, so far, not a compromise of the competitors, Rewe, Edeka, Norma and Striking had been concluded. “Mr. Caparros has made everything from the start to destroy the Deal,” he said of the “WAZ”.

Rewe had from the beginning, for Kaiser’s Tengelmann; the contract but Edeka received. As a result, the Rewe-in-chief with legal means, resisted and was supported by the cartel office and the monopoly Commission. The members of Jürgen Kühling, and Achim Wambach hold meanwhile, the current “rescue calls” from a competition policy point of view, for “highly problematic, as they led major competitors, to a common negotiating table” – and, at worst, a “buy-out of the competition.”


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