The stores sparkle in comparison to many of the dreary and worn Karstadt stores.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
Karstadt failed to restructure and had distracting adventures in other businesses, such as golf and coffee shops.
ECONOMIST: KarstadtQuelle, a giant German retailer, is in trouble
The main competitor for Karstadt is Kaufhof, a division of the huge Metro AG which has ample financial resources.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
He recently took over Karstadt, a bankrupt German retailer, and knows Prisa well.
Quelle made a disastrous deal, merging with department store chain Karstadt in 1999, and was poorly managed for years.
This has led to speculation that some part of Karstadt might be sold.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
Unfortunately, Karstadt does not have the financial resources needed for renovation and thus will continue to lose relevance in the German market.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
Karstadt owns 82% of the joint-venture, with the remainder held by Starbucks.
Karstadt is due to reveal plans for its smaller stores in November.
The deal means that Karstadt bears most of the investment costs.
When Christoph Achenbach, Karstadt's chief executive, hinted that the alternative to the restructuring plan might be insolvency, it caused an outcry amongst politicians and the public.
ECONOMIST: KarstadtQuelle, a giant German retailer, is in trouble
Given a merger of Kaufhof and Karstadt seems unlikely, as its financial resources dwindle, a slow death at Karstadt may be the path to such a scenario.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
For the past two years the German Government allowed for a moratorium on taxes since the company had been in bankruptcy giving Karstadt time to improve its operations.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
The German department store company Karstadt has undergone dramatic changes.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
Other leading department stores in Europe include Galeries Lafayette (3.4 billion Euros), Debenhams (3.4 billion Euros), Karstadt (3.3 billion Euros), Manor (2.4 billion Euros), Printemps (1.5 billion Euros) and House of Fraser (1.4 billion Euros).
Sales are equal to sales of Karstadt.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
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