Karstadt Files For Bankruptcy

Arcandor filed yesterday for bankruptcy in a court in Essen, Northrhine-Westphalia. The holding company announced that its subsidiaries Karstadt Warenhaus, Primondo (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 Thomas Cook , ...

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