According to SAZ, the German trade publication, a private foundation called the Loitz Family has made an offer to acquire Karstadt Sports. Based in Essen, the Loitz Family aims to take charge of Karstadt Sports’ existing 32 stores in Germany, its headquarters in Essen and its 1,500 employees. It is unclear whether the deal will go through, as Galeria Karstadt Kaufhof’s court-appointed administrator, Frank Kebekus, has yet to provide his feedback. Galeria Karstadt Kaufhof (Galeria), which manages the Karstadt Sports chain, acquired the SportScheck chain last December, and it recently decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of SportScheck in Unterhaching, near Munich. The merger of Karstadt Sports and SportScheck is not yet complete, and both companies are still legally independent. Recent reports have suggested that 20 of the 32 existing Karstadt Sports stores may be closed down, in addition to one-third of the Karstadt and Galeria Kaufhof department stores. As previously reported, Galeria submitted an application for protection from its creditors and received approval from a court in Essen on April 1. The proceedings apply to Karstadt Sports as well, but not to SportScheck.