<-! - Media>
Date: 09/14/2014 12:04 clock
The rehabilitation of Karstadt costs, according to a newspaper report, more than 200 million euros. Without a thorough refurbishment program, the existence of the ailing department store chain was secured only until March 2016, reported the newspaper “Bild am Sonntag”. This is apparent from an eight-page concept paper that vorliege the newspaper. It was sent to all Group executives on Friday by the Supervisory Board to the new owner Rene Benko.
Every fifth place at the headquarters shall be deleted
where the cost of rehabilitation of Karstadt would put at least 209 million euros. For a sustainable redevelopment 263 million euros would be needed. Therefore, the 83 branches stand before a drastic times. The sales staff should also be reduced as the number of funds. In the Essene headquarters 20 percent of the sites should be reduced
The paper will also settled with the former Karstadt owner Nicolas Berggruen. <- - Infobox!>: “Misguided investment, lack of market knowledge, ongoing change in strategy and in-house bad decisions “would have accelerated the decline. Without redevelopment, the losses in the financial year 2016/17 would rise to 209 million euros
losses -. Every year
Karstadt has been writing years of losses. In fiscal year 2012/13 a deficit of 131 million euros was in the books. For the current fiscal year 2013/14, the Group expects a loss in nearly hundreds of millions.
The company had already announced after the first board meeting since the change of ownership harsh cuts, but did not submit specific plans .
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