Global Information Lookup Global Information

Karstadt information


Karstadt Warenhaus GmbH
Company typeGmbH
IndustryDepartment stores, retail
Founded14 May 1881; 143 years ago (1881-05-14)
FounderRudolph Karstadt
Defunct25 March 2019 (2019-03-25)
SuccessorGaleria Karstadt Kaufhof
HeadquartersEssen, Germany
Key people
  • Eva-Lotta Sjöstedt, CEO
  • Miguel Müllenbach, CFO
Operating income
€2,673 million (2013)
Net income
– €131.056 million (2013)
OwnerSigna Holding[1]
Number of employees
16,545 (July 2014)
Websitewww.karstadt.de
Logo of Galeria Karstadt Kaufhof since 25 March 2019

Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was responsible within the group for the business segment of over-the-counter retail.

On 9 June 2009 Essen District Court ordered provisional asset administration and protective measures in response to an application for the opening of insolvency proceedings. It also appointed a provisional insolvency administrator. The insolvency proceedings were opened on 1 September 2009. On 7 June 2010 the board of creditors resolved to sell Karstadt Warenhaus GmbH to the investor Nicolas Berggruen. Berggruen had taken over all Karstadt stores by 1 October 2010. This had been determined by Essen District Court on 3 September 2010. On 14 August 2014 it was announced that Karstadt had been completely taken over by Signa Holding of the Austrian investor René Benko, which already owned the majority of the sports shops and premium stores.[2]

Karstadt Warenhaus GmbH consisted of 83 department stores, 4 bargain centres, 2 branches of K Town and the online shop karstadt.de. The 28 sports shops belonged to Karstadt Sports GmbH. The company used to own three premium stores - Oberpollinger in Munich, Alsterhaus in Hamburg and Kaufhaus des Westens (KaDeWe) in Berlin which, with a sales area of 60,000 square metres, is both the largest German and second largest European department store. They now belong to The KaDeWe Group, in which Karstadt's owner Signa Holding has a 49% minority shareholding.

On 25 March 2019 Karstadt & Galeria Kaufhof launched their merged company, Galeria Karstadt Kaufhof, based in Essen, with a new logo and a new website galeria.de. HBC CEO Helena Foulkes said the two companies were excited to bring together two "iconic banners to create Germany's leading retail business."[3]

  1. ^ Amann, Susanne (14 August 2014). "Karstadt: Benko übernimmt alle Warenhäuser von Berggruen". Der Spiegel.
  2. ^ Financial Times 15 August 2014
  3. ^ "Karstadt, Kaufhof merger creates German department store giant | DW | 11 September 2018". DW.COM. 11 September 2018. Retrieved 16 December 2019.

and 19 Related for: Karstadt information

Request time (Page generated in 0.5558 seconds.)

Karstadt

Last Update:

Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor...

Word Count : 3406

Galeria Karstadt Kaufhof

Last Update:

Galeria Karstadt Kaufhof GmbH (German pronunciation: [ɡaleˈʁiːa ˈkaːɐ̯ʃtat ˈkaʊ̯fhoːf]), based in Essen, Germany, is the second largest department store...

Word Count : 256

Arcandor

Last Update:

bankruptcy. On 14 May 1881, Rudolph Karstadt founded his first store Tuch-, Manufaktur- und Konfektionsgeschäft Karstadt (Karstadt fabric, factory outlet and ready-to...

Word Count : 908

Signa Holding

Last Update:

German sporting goods specialist Karstadt sports and in Karstadt Premium. In summer of 2014, SIGNA took over Karstadt Warenhaus. Since 2013 SIGNA operates...

Word Count : 3328

Alsterhaus

Last Update:

1994 to 2014 it was a branch of the department store group Karstadt (as part of Karstadt Premium GmbH), after which it was made a part of KaDeWe Group...

Word Count : 1652

Rudolph Karstadt

Last Update:

Rudolph Karstadt (16 February 1856 – 15 December 1944 in Schwerin) was a German entrepreneur. Karstadt was born in Grevesmühlen near Lübeck on 16 February...

Word Count : 199

Oberpollinger

Last Update:

on Neuhauser Straße in Munich. It is run by KaDeWe Group GmbH (formerly Karstadt Premium GmbH) and is the largest department store in Southern Germany....

Word Count : 1497

Galeria Kaufhof

Last Update:

the former merger. On March 25, 2019 Karstadt & Galeria Kaufhof launched their merged company, Galeria Karstadt Kaufhof, based in Essen, with a new logo...

Word Count : 284

Hermannplatz

Last Update:

that it was named after the Rixdorf community leader Hermann Boddin. Only Karstadt department store section belongs to the Friedrichshain-Kreuzberg district;...

Word Count : 3428

Galeria Inno

Last Update:

store chain that operates 16 stores. It is a subsidiary of German Galeria Karstadt Kaufhof. It was founded in 1897 in Brussels as A l'Innovation. INNO was...

Word Count : 218

List of compositions by Dieterich Buxtehude

Last Update:

composer Dieterich Buxtehude (c. 1637 – 9 May 1707). It was compiled by Georg Karstädt and published in 1974 as Thematisch-Systematisches Verzeichnis der Musikalischen...

Word Count : 3078

Targobank

Last Update:

(in Spanish). Retrieved 6 October 2023. "Targobank fleddert ehemalige Karstadt-Bank". Handelsblatt. 2 December 2013. Retrieved 24 March 2018. "Geschichte"...

Word Count : 1731

Hermann Tietz

Last Update:

Hertie was acquired by its competitor Karstadt in 1994, and the Hertie stores were gradually converted to Karstadt outlets. In 2007, Hertie made a brief...

Word Count : 745

Matrix multiplication algorithm

Last Update:

the blocks and the 2x2-blockmatrix are represented in the same basis. Karstadt and Schwartz computed in different bases and traded 3 additions for less...

Word Count : 4327

Frankfurt

Last Update:

(replacing the Zeilgalerie, which was demolished in 2016), Galeria Kaufhof and Karstadt, as well as large fashion retail clothing stores from Peek & Cloppenburg...

Word Count : 20964

Wismar

Last Update:

Rudolph Karstadt opened his first shop (Tuch-, Manufaktur- und Konfektionsgeschäft) of the now well established department store chain Karstadt in Wismar...

Word Count : 2693

NRDC Equity Partners

Last Update:

full control of Galeria Karstadt Kaufhof from Hudson Bay Co. for $1.5bn". Refire. Reul, Maarten (9 April 2024). "Galeria Karstadt Kaufhof returns to old...

Word Count : 505

DAX

Last Update:

Merger of Degussa-Hüls AG and SKW Trostberg AG to new Degussa AG 19.03.2001 KarstadtQuelle Deutsche Post IPO of Deutsche Post 23.07.2001 Dresdner Bank MLP Vz...

Word Count : 923

Schienenzeppelin

Last Update:

speed record of 230.2 km/h (143.0 mph) on the Berlin–Hamburg line between Karstädt and Dergenthin, which was not surpassed by any other rail vehicle until...

Word Count : 930

PDF Search Engine © AllGlobal.net