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Financial News

Tuesday June 9, 03:41 PM

 

 

Department store chain Karstadt will be affected by the insolvency

By Thomas Lohnes

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Employees of German retailer Karstadt protest with posters in front of a Karstadt department store in Frankfurt on June 8. Arcandor, which owns Karstadt, said on Tuesday it had filed for bankruptcy with the likely loss of around 43,000 jobs in Germany, after Berlin dismissed its request for emergency state aid. Employees of German retailer Karstadt protest with posters in front of a Karstadt department store in Frankfurt on June 8. Arcandor, which owns Karstadt, said on Tuesday it had filed for bankruptcy with the likely loss of around 43,000 jobs in Germany, after Berlin dismissed its request for emergency state aid.


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