Karstadt, the big German department store chain with its 27 Karstadt Sports specialty stores, is celebrating a lucky anniversary. Just two days before the anniversary of filing for bankruptcy one year ago, it found a buyer for the group at last. The investor is Nicolas Berggruen, the son of Heinz Berggruen, a well-known art collector who passed away in 2007. Terms of the deal have not been disclosed, but ver.di, the involved workers union, has already welcomed the agreement. Berggruen’s major challenge seems to be negotiations with the owners of the real estate on lease rates. (Read more in the upcoming issue of SGI Europe.)