All Karstadt Sports articles
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News briefsSport Voswinkel replaces half of its management duo
On August 1, 2023, Ralf Lehmkuhl will join the management of Intersport member Sport Voswinkel (a German retail company currently operating 35 stores) as a co-CEO together with Marcus Neul. Lehmkuhl joins Voswinkel from Karstadt Sports, where he was most recently responsible for SportScheck’s controlling. According to Voswinkel, a particular ...
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AnalysisAnalysis: The 10 major European sports retailers online
The online retail business in the sporting goods sector has been growing stronger and stronger in recent years, find out which players are the real winners.
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Article
Galeria’s creditors agree to a big settlement
On Sept. 1, the creditors of Galeria Karstadt Kaufhof (Galeria or GKK), by far the biggest department store chain operation in Germany, voted by a large majority in favor of a settlement that would reportedly write off about 95 percent of the amounts they are owed. Meetings with the creditors ...
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Article
Two-thirds of Karstadt Sports’ stores face possible closures
Signa Retail is considering the shutdown of 20 of the 30 branches of the Karstadt Sports chain in Germany as part of a reorganization program intended to pull the chain’s parent company, Galeria Karstadt Kaufhof (Galeria) out of its current insolvency. Signa owns 100 percent of the shares in Galeria, ...
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Article
Karstadt Sports and SportScheck to get closer or divorce
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of SportScheck in Unterhaching ...
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News briefs
Private foundation to make an offer to acquire Karstadt Sports
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 ...
