Posts tagged as signa

  • Einkaufscenter am Limkecker Platz

    Monday, October 19th 2015

    Karstadt close to turnaround?

    by Markus Huber

    According to unconfirmed media reports, results from Karstadt, the German department store chain, for the financial year 2014-15, were not that bad. In the fiscal year ended Sept 30., total sales declined by 2.7 percent over the prior year to €2.15 billion. net loss went significantly down to €60-70 million after €190 million in 2013-14. […]

  • Monday, July 20th 2015

    Niki Lauda to join Karstadt parent as an investor

    by Markus Huber

    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 […]

  • kaufhof_inno_aus_brussel_01_320

    Monday, June 15th 2015

    Kaufhof: Metro opts for the Canadian solution

    by Markus Huber

    Galeria Kaufhof is to finally change hands. Metro is selling the department store chain for the equivalent of €2.8 billion to Canadian retailer Hudson’s Bay Co. The agreement includes Kaufhof’s headquarters in Cologne, 103 Galeria Kaufhof stores in Germany, 16 Galeria Inno doors in Belgium as well as 16 Sportarena specialty stores. By opting for […]

  • Tuesday, June 2nd 2015

    Hudson’s Bay enters the race for Kaufhof

    by Markus Huber

    According to an unconfirmed Reuters report, Hudson’s Bay, the Canadian chain of 90 department stores and owner of U.S. retailer Fifth Avenue, has entered the bidding for Kaufhof, the large German department store and sporting goods chain. Rumors that Hudson’s Bay may be interested in the retailer, which Metro has put on the block, have […]

  • karstadt_düsseldorf

    Tuesday, August 19th 2014

    Karstadt first needs a proper plan, not just Kaufhof

    by Markus Huber

    Nicolas Berggruen probably feels better now. He cashed in a symbolic €1 to finally get rid of the 83 Karstadt department stores in Germany as well as the remaining shares he held in Karstadt Sports and the so-called premium department stores in Hamburg, Berlin and Munich. His plan to turn round the beleaguered retailer with little investment or strategic thinking turned […]

  • Thursday, August 14th 2014

    Benko seemingly willing to acquire Karstadt

    by Markus Huber

    Signa Holding, the company owned by Austrian real estate entrepreneur René Benko, seems willing to take over all of beleaguered German department store chain Karstadt’s shares. Last year, Signa already acquired roughly three quarters of the shares in the Karstadt Sports chain as well as of its premium department stores. Benko bought the shares from Nicolas Berggruen and is quoted in the […]

  • Monday, September 30th 2013

    Karstadt takeover fuels rumors of possible merger with Kaufhof—again

    by Markus Huber

    In an interview with Wirtschaftswoche, the German business weekly, Olaf Koch, chief executive of Kaufhof’s parent Metro AG, has brought back to the table a suggested possible merger between Karstadt and Galeria Kaufhof, Germany’s leading department stores that both run their own specialty sporting goods chains. Koch hinted that Kaufhof might be up for sale […]