Sunday, November 6, 2016

Rings to Kaiser’s Tengelmann: Will of the Emperor to crush it? – Daily mirror

Should the negotiations about the future of Kaiser’s Tengelmann failure, is the culprit for the approximately 15,000 employees of the supermarket chain now: It is Rewe CEO Alain Caparros. “Thank you, Norma, Thank you, Significantly,” it says on the posters in Berlin’s stores. A Name missing from the Acknowledgements – Rewe.

want to look Different than Norma and Striking workers holding Rewe namely, his lawsuit against the Ministerial approval with the Federal Minister of Economics Sigmar Gabriel (SPD) the way for the Takeover of Kaiser’s Tengelmann by Edeka-free wanted to make, yet upright and blocks as the last of the Deal, the Gabriel, the chief of Tengelmann, and Edeka, the trade unions, the Emperor's and the works councils.

Actually, it was agreed that in the past week, in the settlement of former German Chancellor Gerhard Schröder (SPD) on a key issues paper, this should bring a solution to the intractable conflict. But the breakthrough, the Gabriel and Verdi chief Frank Bsirske publicly announced and celebrated, threatens to fail now.

According to daily mirror information are Edeka and Rewe of an agreement. Already on Friday had threatened in the negotiations briefly, an escalation was avoided at the last Minute, we postponed to this Monday. But that doesn’t change the fact that many questions are still unclear. This starts with the purchase price, the Rewe for the Takeover of Kaiser’s Tengelmann-stores will pay, to the question of what to Westphalia from the 105 mostly loss-making stores in North Rhine and ending the dispute over the Berlin markets.

Poteste in Berlin stores: Rewe should pull his lawsuit against the Ministerial Heike Jahberg

Schroeder’s Moderation had decided to Edeka and Rewe, Edeka is to receive the stores in Germany, Rewe – Edeka is the number two in the German food trade – should, in return, receive the Emperor’s markets in Berlin, with a total turnover of EUR 300 million gross. The Problem: So there is no Trouble with the German Federal cartel office, the ball makes payments to prevent, Rewe take over in the capital, only certain branches.

As of the daily mirror from insider circles, Rewe sent a list of around 40 branches of Edeka, which could come from the point of view of Caparros for a Takeover in question. Edeka has responded with a list of 60 stores, of which Rewe but lasts only 20 markets from antitrust legal and economic reasons is acceptable. Overall, this would represent only a sales volume of 120 million euros, the offer would be a far cry from the 300 million euros that was agreed in the arbitration.

key figure: Rewe CEO Alain Reuters

What complicates the negotiations, are also missing information on the individual markets. How long the leases run, how profitable the stores work so far, it is said from insiders, Edeka presented no Figures for individual markets. The mistrust, it seems, is large. Before Gerhard Schröder had tried to bring the opponents on the course, Caparros, Edeka CEO Markus Mosa and Tengelmann, the owner of Karl-Erivan Haub explains the talks are already failed and with mutual debt allegations plated. So Edeka had accused Caparros, not seriously negotiate, but just want information about individual Emperor's markets.

Should fail the talks would be not only more sensitive to loss of face for Gabriel and Bsirske, but also a serious blow to the 5600 Kaiser’s staff in Berlin, Because then the smashing. LikeTweet

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