May 22, 2012
The following articles have been tagged with "Karstadt":
Politics: 9 Jan 12
The wife of former Chancellor Gehard Schröder will enter politics in her own right, it was reported on Monday – she intends to run for a seat in the Lower Saxony state parliament in the 2013 state election.
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Business & Money: 13 Apr 11
The former chairman of the bankrupt retail giant Arcandor, Thomas Middelhoff, has lashed out at his accusers as he prepares to fend off their claim for €175 million in damages.
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Business & Money: 14 Feb 11
Deutsche Post subsidiary DHL said on Monday it will no longer deliver and assemble goods from Ikea and department store Karstadt. Customers who need help putting together their Billy bookshelves are now on their own.
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Business & Money: 3 Sep 10
The future of Germany's Karstadt, Europe's third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs.
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Business & Money: 3 Sep 10
The prospects for 25,000 employees at the beleaguered department store chain Karstadt are looking brighter after it emerged Thursday night that negotiators were close to striking a deal on reduced rent on the chain’s properties.
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Business & Money: 27 Jun 10
The beleagured high-street department store Karstadt has shown itself to be a more stable business than previously thought, with insolvency commissioners expecting a profit this year.
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Business & Money: 8 Jun 10
A US-German investor and the US fashion group BCBG Max Azria are to acquire Karstadt, the famed but financially troubled German department store chain, Karstadt's judicial administrator said Monday.
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Business & Money: 29 May 10
A fourth bidder has joined the race for Germany's insolvent high-street department store chain Karstadt. A Russian consortium led by top businessman Artur Pachomov has shown interest.
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Business & Money: 23 May 10
American investment bank Goldman Sachs is set to make a bid for the insolvent Karstadt department store group, with a view to keeping the chain operating.
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Business & Money: 25 Apr 10
An investor negotiating to takeover the bankrupt Karstadt department store chain is talking of making 4,000 staff cuts and reducing rental payments at store sites, media reports said on Sunday.
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Business & Money: 12 Apr 10
Creditors for the insolvent German department store chain Karstadt opened the way for the sales of the company following a meeting on Monday in Essen.
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Business & Money: 2 Feb 10
German retail sales fell by 1.8 percent last year, final figures released Tuesday by the national statistics service showed, the biggest decline since euro notes and coins were introduced in 2002.
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Business & Money: 18 Nov 09
A massive fraud ring in Spain has sparked a growing recall of German credit cards, with customers of nearly all banks in the country affected. Some 100,000 cards been affected so far.
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Business & Money: 15 Aug 09
Two of Germany’s biggest appliance makers, Bosch and Siemens, may have provided illegal kickbacks to retailers willing to push their goods to customers, according to a report in the latest issue of Der Spiegel.
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Business & Money: 19 Jun 09
Officials in the southern German state of Bavaria said Friday they would contribute €20 million in aid to save Quelle, a mail-order unit of the insolvent retailer Arcandor.
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Business & Money: 12 Jun 09
Prosectors in Essen said Friday they are investigating former Arcandor CEO Thomas Middelhoff for criminal breach of trust for real estate dealings he had with the now-bankrupt retail giant.
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Business & Money: 10 Jun 09
Germany top retailer Metro wants to snap up distressed rival Arcandor and possibly list a new group on the stock exchange, but the issue has sparked a bitter round within Chancellor Merkel's government.
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Business & Money: 9 Jun 09
Retail and tourism giant Arcandor said on Tuesday it had filed for bankruptcy, putting around 43,000 jobs at risk in Germany after Berlin dismissed its request for emergency state aid.
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Business & Money: 8 Jun 09
The German government rejected a plea Monday by troubled retail group Arcandor for emergency loans and guarantees, as the leading shareholder in travel agency Thomas Cook lurched towards insolvency.
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Business & Money: 7 Jun 09
Stricken German retail giant Arcandor held talks on Sunday with rival Metro over a possible merger of their department store chains, after hopes of government aid looked dim, an Arcandor spokesman said.
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Business & Money: 6 Jun 09
German Chancellor Angela Merkel on Saturday said she was against bailing out struggling retail giant Arcandor and accused the company’s management of making serious mistakes.
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Business & Money: 4 Jun 09
The future of stricken German retailer Arcandor and its 50,000 employees looked bleak this week after the European Commission said it would take a dim view of any state aid.
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Business & Money: 30 May 09
After managing the bailout and sale of Opel, German politicians are debating whether the troubled retailer Arcandor, which owns the Karstadt department store chain, should get a loan from the government.
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Business & Money: 20 May 09
Century-old German department store chain Hertie, owned by British financial group Dawnay Day, said Wednesday it was going out of business and closing all 54 of its stores.
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Business & Money: 19 May 09
The German government has denied the request of struggling retail and tourism corporation Arcandor for a financial boost of €650 million, daily Handelsblatt reported on Tuesday.
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Business & Money: 22 Apr 09
Public workers’ union Verdi has said Berlin should aid retailer Arcandor, which runs household names like the Karstadt department stores, the Westdeutsche Allgemeine Zeitung reported on Wednesday.
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Business & Money: 19 Apr 09
Arcandor, the parent company of such German household names as Karstadt, the department store, and Thomas Cook, the travel agency, is at the brink of bankruptcy, Bild am Sonntag reported Sunday.
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Lifestyle: 19 Mar 09
This Week's Highlights: Turkish films in Munich, an opera star in Frankfurt, and Barbie celebrates her 50th in Hamburg.
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Business & Money: 2 Sep 08
The German department store Karstadt will cut up to 450 administrative posts at its headquarters in western Essen, a spokesman said on Tuesday.
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Business & Money: 31 Jul 08
The German department store chain Hertie said on Thursday it had filed for insolvency and signalled signalled problems with one of its owners, the British financial group Dawnay Day.
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