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Financial News

Tuesday June 9, 03:41 PM

 

 

Chancellor Angela Merkel said Arcandor now had a chance to merge with another retail firm

By Michael Gottschalk

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German Chancellor Angela Merkel at a press conference in Berlin on June 08. German retail and tourism giant Arcandor filed for bankruptcy on Tuesday, putting around 43,000 jobs at risk after Berlin dismissed the company's request for emergency state aid. German Chancellor Angela Merkel at a press conference in Berlin on June 08. German retail and tourism giant Arcandor filed for bankruptcy on Tuesday, putting around 43,000 jobs at risk after Berlin dismissed the company's request for emergency state aid.


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