Niki Lauda to join Karstadt parent as an investor

Textilwirtschaft reports that Niki Lauda, the famous Austrian Formula 1 driver, is moving into Signa, the owner of the German Karstadt department store chain as well as Karstadt Sports and the KaDeWe Group, through his private foundation. Lauda takes over a 10 percent stake in Signa Retail which is, technically speaking, the subsidiary that controls Karstadt. Simultaneously, the racer is investing in other branches of the group at a smaller level.

 

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