Otto And Metro Circle Over Karstadt’S Bankrupt Businesses

2009-06-10T00:00:00

Yesterday, Arcandor filed for bankruptcy at a court in Essen, Northrhine-Westphalia. The holding company announced that its subsidiaries Karstadt Warenhaus, Primondo (which is the head of the group’s mail-order operations) and Quelle are also seeking protection under the German bankruptcy code. Arcandor’s move excludes the group’s profitable tourist operations under ...

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