Big Downturn At Karstadt, But Arcandor Improves Sharply

2008-08-13T00:00:00

Thomas Middelhoff, executive chairman of the Arcandor group, says it is still in the process of determining a definitive strategic direction for its department store business, represented by its remaining Karstadt and Karstadt Sport stores. In any case, it is pushing forward with cost-cutting measures following big declines in the ...

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