https://feeds.thelocal.com/ Read the latest news and views from Germany in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Thomas Middelhoff, former chief executive of German media giant Bertelsmann and distribution giant Arcandor, was jailed for three years by a court Friday for tax evasion and fraud. https://www.thelocal.de/20141114/middelhoff-jailed-for-three-years-on-tax-charges Fri, 14 Nov 2014 12:35:00 +0100 middelhoff-jailed-for-three-years-on-tax-charges Germany's biggest department store chain Karstadt will close at least six stores, putting around 2,000 jobs at risk, in a drastic bid by its new boss to return it to profit. https://www.thelocal.de/20141024/karstadt-closes-stores-to-stay-afloat Fri, 24 Oct 2014 17:44:00 +0200 karstadt-closes-stores-to-stay-afloat The retail giant's German holders are throwing in the towel on their attempt to pull the department store chain out of the red. https://www.thelocal.de/20140815/karstadt-chain-sold-for-1-again-retail Fri, 15 Aug 2014 16:42:00 +0200 karstadt-chain-sold-for-1-again-retail What was once Europe's biggest department store could become Berlin's newest branch of Primark, after Dutch investors bought the building. Architects are thought to be drawing up plans already. https://www.thelocal.de/20131217/berlin-karstadt-sale-may-make-way-for-primark Tue, 17 Dec 2013 13:16:00 +0100 berlin-karstadt-sale-may-make-way-for-primark Ikea boss Eva-Lotta Sjöstedt will be the new head of struggling German department store chain Karstadt. She reportedly has a shake-up of all 83 branches up her sleeve, in a last ditch attempt to save the business. https://www.thelocal.de/20131212/ikea-boss-to-shake-up-german-retailer-karstadt Thu, 12 Dec 2013 12:15:00 +0100 ikea-boss-to-shake-up-german-retailer-karstadt Thousands of employees at one of Germany's largest retail chains went on strike on Friday. Shoppers should expect disruptions and even closures, the workers' union behind the action said. https://www.thelocal.de/20131025/52571 Fri, 25 Oct 2013 12:08:00 +0200 52571 The former chairman of the bankrupt retail giant Arcandor, Thomas Middelhoff, has lashed out at his accusers as he prepares to fend off their claim for €175 million in damages. https://www.thelocal.de/20110413/34361 Wed, 13 Apr 2011 16:30:00 +0200 34361 Deutsche Post subsidiary DHL said on Monday it will no longer deliver and assemble goods from Ikea and department store Karstadt. Customers who need help putting together their Billy bookshelves are now on their own. https://www.thelocal.de/20110214/33089 Mon, 14 Feb 2011 11:29:00 +0100 33089 The future of Germany's Karstadt, Europe's third-largest department store chain, appeared to be secured Friday as a court approved its acquisition by a billionaire investor, safeguarding 25,000 jobs. https://www.thelocal.de/20100903/29595 Fri, 03 Sep 2010 16:56:00 +0200 29595 The prospects for 25,000 employees at the beleaguered department store chain Karstadt are looking brighter after it emerged Thursday night that negotiators were close to striking a deal on reduced rent on the chain’s properties. https://www.thelocal.de/20100903/29583 Fri, 03 Sep 2010 11:07:00 +0200 29583 The beleagured high-street department store Karstadt has shown itself to be a more stable business than previously thought, with insolvency commissioners expecting a profit this year. https://www.thelocal.de/20100627/28127 Sun, 27 Jun 2010 13:03:00 +0200 28127 A US-German investor and the US fashion group BCBG Max Azria are to acquire Karstadt, the famed but financially troubled German department store chain, Karstadt's judicial administrator said Monday. https://www.thelocal.de/20100608/27703 Tue, 08 Jun 2010 10:10:00 +0200 27703 A fourth bidder has joined the race for Germany's insolvent high-street department store chain Karstadt. A Russian consortium led by top businessman Artur Pachomov has shown interest. https://www.thelocal.de/20100529/27515 Sat, 29 May 2010 16:30:00 +0200 27515 American investment bank Goldman Sachs is set to make a bid for the insolvent Karstadt department store group, with a view to keeping the chain operating. https://www.thelocal.de/20100523/27379 Sun, 23 May 2010 14:54:00 +0200 27379 An investor negotiating to takeover the bankrupt Karstadt department store chain is talking of making 4,000 staff cuts and reducing rental payments at store sites, media reports said on Sunday. https://www.thelocal.de/20100425/26771 Sun, 25 Apr 2010 14:41:00 +0200 26771 Creditors for the insolvent German department store chain Karstadt opened the way for the sales of the company following a meeting on Monday in Essen. https://www.thelocal.de/20100412/26499 Mon, 12 Apr 2010 18:14:00 +0200 26499 The German department store Karstadt will cut up to 450 administrative posts at its headquarters in western Essen, a company spokesman said on Tuesday. https://www.thelocal.de/20080902/14069 Tue, 02 Sep 2008 19:10:00 +0200 14069