Karstadt Has Found A Buyer, But Has Not Been Rescued Yet

2010-06-14T00:00:00

The creditors of the bankrupt Karstadt have finally agreed to accept the offer of a wealthy German investor, Nicolas Berggruen, to acquire the department store chain and its 26 sports superstores, almost exactly one year after it and its parent company, Arcandor, had to file for bankruptcy. Berggruen made the ...

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