Monday, October 17, 2016

Trade the break-up of Kaiser’s Tengelmann has begun Sü

Directly from the dpa-news channel

Mülheim/Ruhr (dpa) – has begun the dismantling of The Kaiser’s Tengelmann. Tengelmann have sent the first lists for sale stores in North Rhine-Westphalia, said a company spokeswoman. The sale of the shops in Bavaria and Berlin will begin probably in a few months.

German Chancellor Angela Merkel (CDU) urged more work on a compromise in the two years lasting dispute between Tengelmann, Edeka, Rewe and Co.. The parties should leave no stone unturned, but still a friendly settlement of the matter in the interest of the affected people, said government spokesman Steffen Seibert in Berlin. The Chancellor and economy Minister Sigmar Gabriel (SPD) had to “agree completely”. Competitor Rewe, announced, meanwhile, want to offered stores apply.

there is A rescue of the threatened jobs as a result of a negotiated compromise at the last Minute by the dispatch of the Branch-and-not-lists are still excluded. Only the actual sale of the first branches would withdraw the Ministerial approval of the final floor. With this Ministerial approval, Edeka, Kaiser’s wanted to take over Tengelmann, but this is after an urgent decision of the higher regional court of Düsseldorf, at the request of the retail groups, Rewe, Markant and Norma on ice. Negotiations between the companies failed.

Tengelmann operates in North Rhine-Westphalia, according to its own data, 107 shops, with around 3500 employees. NRW is regarded as the biggest problem child in the company. Many of the branches are considered to be unattractive. “I would be glad if we could find it for 30 to 40 stores, the supermarket operator,” said Tengelmann, the owner of Karl-Erivan Haub recently in a conversation with the “West German General newspaper”. The sales process for the business in Berlin and Munich will be launched Haub, probably until the beginning of next year.

nationwide, Tengelmann operates according to its own information, at this time of 418 branches (Stand: 31. August 2016). In addition to the 107 shops in North Rhine-Westphalia these are a further 124 stores in the Metropolitan area of Berlin, with about 5600 employees, and 187 branches in Munich and upper Bavaria with approximately 5100 employees. Overall, the company comes with meat plants, logistics and administration on approximately 15, 000 employees.

Tengelmann-Chef Haub looks at the “exploitation” of up to 8000 Put at risk, because probably not all transactions a buyer will find. The prospects for an agreement at the last Minute, however, seem low. On the weekend Haub and Rewe CEO Alain Caparros had given each other in Interviews again, the blame for the Failure of the negotiations. The performances of both sides on a possible solution of the conflict are far apart.


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