Saturday, April 17, 2010

Massive restructuring at Karstadt and Quelle



Food - The struggling commercial undTouristikkonzern Arcandor (Karstadt, Quelle, Thomas Cook) is needed for the rehabilitation of the Group in the coming five Jahrenweitere loans of up to 900 million euros.
Standing in the center of the restoration are the two daughters of fallen into lopsided trade Karstadt and Primondo (source). Even on weekends, the company had announced that the Nobel branches of his department store chain Karstadt and mail order Lädenseiner Source daughter stood up for consideration.
Then Monday was clear: Total 1500Quelle stores, 115 Source Technology Center, the Nobel undacht more Karstadt department stores include branches will no longer zumKerngeschäft. You will be spun off into a newly formed company called ATRYS. This is possible even happen in this fiscal year.
These Karstadt stores have branches Kiel Old Market, Hanau, Kaiserslautern, Hamburg Billstedt, Bottrop, Leipzig, Ludwigsburg and Munich at the cathedral, the Karstadt Sport store in Recklinghausen and the luxury department stores and KaDeWe in Berlin, Hamburg and Alsterhaus Oberpollinger in Munich.
Specific details on the future did not Arcandor. About a possible staff reductions among the 52,000 employees would not comment Arcandor chief Karl-Gerhard Eick.
In its department store business, the Group is planning a strategic U-turn. Instead of the previously advocated expansion of the luxury business is now offering in the midrange to be strengthened.
This concerns the 81 goods and 27 sports stores, which further in the future belong to the core. The profitable tourism subsidiary Thomas Cook remains unaffected by the restructuring at Arcandor.