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Karstadt
Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was responsible within the group for the business segment of over-the-counter retail. On 9 June 2009 Essen District Court ordered provisional asset administration and protective measures in response to an application for the opening of insolvency proceedings. It also appointed a provisional insolvency administrator. The insolvency proceedings were opened on 1 September 2009. On 7 June 2010 the board of creditors resolved to sell Karstadt Warenhaus GmbH to the investor Nicolas Berggruen. Berggruen had taken over all Karstadt stores by 1 October 2010. This had been determined by Essen District Court on 3 September 2010. On 14 August 2014 it was announced that Karstadt had been completely taken over by Signa Holding of the Austrian investor René Benko, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karstadt
Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was responsible within the group for the business segment of over-the-counter retail. On 9 June 2009 Essen District Court ordered provisional asset administration and protective measures in response to an application for the opening of insolvency proceedings. It also appointed a provisional insolvency administrator. The insolvency proceedings were opened on 1 September 2009. On 7 June 2010 the board of creditors resolved to sell Karstadt Warenhaus GmbH to the investor Nicolas Berggruen. Berggruen had taken over all Karstadt stores by 1 October 2010. This had been determined by Essen District Court on 3 September 2010. On 14 August 2014 it was announced that Karstadt had been completely taken over by Signa Holding of the Austrian investor René Benko, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Signa Holding
Signa Holding GmbH (stylized as SIGNA) is Austria’s largest privately owned real estate company. Signa was founded in 2000 by the Tyrolean entrepreneur René Benko. Over the years, it has become a pan-European real estate group with more than 150 employees and offices in Vienna, Innsbruck, Munich, Düsseldorf, Luxembourg, Zurich, Bolzano, Berlin and Hamburg. The principal focus of the group is long-term investment in real estate in prime city centre locations. The firm has also became the biggest owner of malls in Mid Europe with over 46.000 employees. Structure In 2013, SIGNA extended its activities on merchandising by acquiring majority stakes in the German sporting goods specialist Karstadt sports and in Karstadt Premium. In summer of 2014, SIGNA took over Karstadt Warenhaus. Since 2013 SIGNA operates in two independent business segments. In 2018 a third segment with "SIGNA Media" was added. The group of companies covers real estate assets worth more than 14 bill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arcandor
Arcandor AG was a holding company located in Essen, Germany, that oversaw a number of companies operating in the businesses of mail order and internet shopping, department stores and tourism services. It was formed in 1999 by the merger of Karstadt Warenhaus AG, founded in 1920, with Quelle AG, founded in 1927. In 2005, the corporation had about 68,000 employees and annual sales of €15.5 billion. Its stocks were traded on the Mid Cap DAX until September 2009. The company's largest store was Kaufhaus des Westens (KaDeWe) in Berlin, and the largest store operated by Karstadt was in Frankfurt. Arcandor requested financial assistance from the German government, which was rejected by the European Commission on 3 June 2009. On 6 June 2009, the company announced it was no longer able to pay rent for its department stores, which the company had previously sold and leasebacked. Three days later, the company filed for bankruptcy. History On 14 May 1881, Rudolph Karstadt founded his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rudolph Karstadt
Rudolph Karstadt (16 February 1856 – 15 December 1944 in Schwerin) was a German entrepreneur. Biography Karstadt was born in Grevesmühlen near Lübeck on 16 February 1856, he apprenticed in Rostock and then worked in his father’s textile shop in Schwerin. With a loan of 1000 thaler from his father and with the help of his two sisters, Karstadt opened his first store, ″Tuch-, Manufaktur- und Konfektionsgeschäft" at the Krämerstr. 4 in Wismar on 14 May 1881. In 1919 Karstadt AG and Theodor Althoff KG merged. By 1920 he owned over 30 shops across Germany. The Karstadt Warenhaus AG, which is what his chain of stores was called by 1920, continues as Arcandor. Karstadt lost most of his private fortune in the Great Depression and left the board of the Karstadt AG in 1932. References Further reading * See also * Arcandor Arcandor AG was a holding company located in Essen, Germany, that oversaw a number of companies operating in the businesses of mail order ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hermann Tietz
Hermann Tietz (born 29 April 1837, in Birnbaum an der Warthe near Posen (today Międzychód, Poland), died on 3 May 1907 in Berlin) was a German-Jewish merchant, co-founder of the Tietz Department Store. He was buried in the Weißensee Cemetery. Life Tietz, co-founder of the Tietz Department Store, was the first to carry out the idea of the department store in Germany. In 1882, the first department store of Tietz was opened in Gera (Thuringia, Germany) by his nephew Oskar Tietz. Oskar's brother Leonhard Tietz later founded his own chain store ("Kaufhof"). After stores in smaller towns like Bamberg, Erfurt, Rostock, Stralsund and Wismar had been successful, Tietz established his first department store in Berlin. In 1900, Herrmann Tietz opened a store in Leipziger Straße, where it was located close to the department store Wertheim, the biggest store in Europe at the time. In 1904, Tietz opened another luxurious store at Alexanderplatz. The impressive and palace-like stor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
René Benko
René Benko (born 20 May 1977) is an Austrian real estate, media and retail investor and founder of the Signa Holding. The company is considered Austria's largest privately held real estate conglomerate. Benko is one of the richest Austrians. Numerous controversies have surrounded Benko’s professional career. Life Benko was born in Innsbruck, Tyrol, Austria as the son of a local government employee and nursery schoolteacher and studied at a business school. At the age of 17 he gained his first experience of the real estate sector in a building company owned by an acquaintance. He subsequently dropped out of school because his overriding interest in the real estate business had led to him missing too many lessons. Benko lives mainly in Innsbruck, Tyrol. He is married for a second time and has four children. Apart from that, little is known about Benko's private life. Business activities Foundation and first investments At the end of 1999 Benko founded the two-person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Galeria Karstadt Kaufhof
Galeria Karstadt Kaufhof GmbH, based in Essen, Germany, is the second largest department store group in Europe, with 131 locations and 18,000 employees. The company was formed in 2018 with the merger of two of Germany's most historic department store chains, Galeria Kaufhof and Karstadt Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was responsible wi .... On August 20, 2021, it was announced that all stores of both chains would be rebranded as Galeria. The first three stores and the online store were rebranded on October 27, 2021, with remaining stores following. The company suffered during the COVID-19 pandemic and in 2020 announced plans to close 62 of its 172 stores. In January 2022, it received €250 million in federal aid, after having received a €460 million loan from the economic stabilizati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wismar Karstadt (01) 2006-09-28
Wismar (; Low German: ''Wismer''), officially the Hanseatic City of Wismar (''Hansestadt Wismar'') is, with around 43,000 inhabitants, the sixth-largest city of the northeastern German state of Mecklenburg-Vorpommern, and the fourth-largest city of Mecklenburg after Rostock, Schwerin and Neubrandenburg. The city was the third-largest port city in former East Germany after Rostock and Stralsund. Wismar is located on the Bay of Wismar of the Baltic Sea, directly opposite the island of Poel, that separates the Bay of Wismar from the larger Bay of Mecklenburg. The city lies in the middle between the two larger port cities of Lübeck in the west, and Rostock in the east, and the state capital of Schwerin is located south of the city on Lake Schwerin. Wismar lies in the northeastern corner of the Hamburg Metropolitan Region, and is the capital of the district of Northwestern Mecklenburg. The city's natural harbour is protected by a promontory. The uninhabited island of Walfisch, lyi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaufhaus Des Westens
The Kaufhaus des Westens (), abbreviated to KaDeWe, is a department store in Berlin, Germany. With over of retail space and more than 380,000 articles available, it is the second-largest department store in Europe after Harrods in London. It attracts 40,000 to 50,000 visitors every day. The store is located on Tauentzienstraße, a major shopping street, between Wittenbergplatz and Breitscheidplatz, near the heart of former West Berlin. It is technically in the extreme northwest of the south Berlin neighborhood of Schöneberg. Since 2015, KaDeWe has been owned by the Central Group, a Thailand-based international department store conglomerate. History Empire and Weimar Republic: the Jandorf Era The businessman Adolf Jandorf had opened six stores for basic needs with his company ''A. Jandorf & Co.'' in Berlin by 1905. Like the competitor stores ''Wertheim Leipziger Strasse'' (1894) and the ''Warenhaus Tietz'' (1900), also on Leipziger Strasse, Jandorf wanted to cater for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mönckebergstraße
The Mönckebergstraße (locally also called Mö) is one of the main shopping streets in Hamburg, Germany. Mönckebergstraße is located in Hamburg-Altstadt, running some 800 m in east-west-direction between the Hauptbahnhof at Steintorwall and the Rathaus at Rathausmarkt. It is named after Johann Georg Mönckeberg, mayor of Hamburg in the 1890s and 1900s. On the south side, Mönckebergstraße passes the churches of St. Petri and St. Jacobi. Halfway in between, at Gerhart-Hauptmann-Platz, Mönckebergstraße intersects with Spitalerstraße, another important shopping street. Notable attractions of this prominent four-way-fork-junction are the ''Mönckebergbrunnen'' (Mönckeberg-Fountain) and a former central building of Hamburg public libraries, later had been a Burger King restaurant for many years, now a Starbucks subsidiary inside a coffeehouse called ''Elbphilharmonie Kulturcafé''. Many major retailers such as H&M, Kaufhof, Karstadt, Karstadt Sport, Peek & Cloppenburg, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicolas Berggruen
Nicolas Berggruen (; born 10 August 1961) is a US-based billionaire investor and philanthropist. Born in Paris, France, he is a dual American and German citizen.Jeremy Kahn (October 25, 2011)''Bloomberg'' He is the founder and president of Berggruen Holdings, a private investment company and the co-founder and chairman of the Berggruen Institute, a non-profit, non-partisan think tank that works to address global governance issues. In 2014, through the Institute, Berggruen launched ''Noema Magazine'', formerly the ''WorldPost,'' a digital and print publication dedicated to exploring global issues. Early life and education Nicolas Berggruen was born in Paris, France. He is the son of art collector and dealer Heinz BerggruenBusinessweek: "Deep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Essen
Essen (; Latin: ''Assindia'') is the central and, after Dortmund, second-largest city of the Ruhr, the largest urban area in Germany. Its population of makes it the fourth-largest city of North Rhine-Westphalia after Cologne, Düsseldorf and Dortmund, as well as the ninth-largest city of Germany. Essen lies in the larger Rhine-Ruhr Metropolitan Region and is part of the cultural area of Rhineland. Because of its central location in the Ruhr, Essen is often regarded as the Ruhr's "secret capital". Two rivers flow through the city: in the north, the Emscher, the Ruhr area's central river, and in the south, the Ruhr River, which is dammed in Essen to form the Lake Baldeney (''Baldeneysee'') and Lake Kettwig (''Kettwiger See'') reservoirs. The central and northern boroughs of Essen historically belong to the Low German ( Westphalian) language area, and the south of the city to the Low Franconian ( Bergish) area (closely related to Dutch). Essen is seat to several of the region' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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