Arcandor AG
News and overview for Arcandor AG
Arcandor's Quelle Deutschland to be shut down
Forbes | 33 days 21 hours 6 minutes ago
BERLIN -- Quelle Deutschland, the German mail-order business of troubled department store owner Arcandor AG, is to be shut down after attempts to sell it failed, and employees will be dismissed November 1, Arcandor's bankruptcy administrator said.
Research and Markets: This Report Provides in-Depth Company Profiles for German Companies Ranked in the 2009 Fortune Global 500 List [Press Release]
Business Wire | 14 days 30 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/e15637/germany_2009_fortu) has announced the addition of the "Germany 2009 Fortune Global 500 Databank - Company Profiles" company profile to their offering.
Reportlinker Adds Womenswear - Global Group of Eight (G8) Industry Guide Report [Press Release]
Business Wire | 40 days 2 hours 6 minutes ago
Reportlinker.com announces that a new market research report is available in its catalogue.Womenswear - Global Group of Eight (G8) Industry Guidehttp://www.reportlinker.com/p0101604/Womenswear---Global-Group-of-Eight-(G8)-Industry-Guide.htmlDatamonitor's Womenswear: Global Group of Eight (G8) Industry Guide is an essential resource for top-level data and analysis covering the Womenswear industry in each of the G8 (United States, Canada, Germany, France, United Kingdom, Italy, Russia and Japan...
Reportlinker Adds Apparel Retail - Global Group of Eight (G8) Industry Guide Report [Press Release]
Business Wire | 40 days 1 hour 24 minutes ago
Reportlinker.com announces that a new market research report is available in its catalogue.
Research and Markets: This Report Provides In-Depth Company Profiles For European Companies Ranked In The 2009 Fortune Global 500 List [Press Release]
Business Wire | 19 days 22 hours 32 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/2ff999/europe_2009_fortun) has announced the addition of the "Europe 2009 Fortune Global 500 Databank - Company Profiles" company profile to their offering.
Reportlinker Adds World Department Stores Market Report [Press Release]
PRNewswire | 73 days 22 hours 15 minutes ago
...provided for this market. The report profiles 357 companies including many key and niche players worldwide such as Arcandor AG, Arnotts Ltd., Beales PLC, Debenhams Plc, Dillard's, Inc., DWW Woolworth Germany GmbH & CO. Kg, El Corte...
Arcandor Insolvency Admin: Decision On Quelle Expected In Oct
Wall Street Journal, The | 39 days 5 hours 4 minutes ago
FRANKFURT (Dow Jones)--A decision on the future of Arcandor AG's (ARO.XE) Quelle unit is expected in October, Arcandor's insolvency administrator Klaus Hubert Goerg said Thursday.
Arcandor Admin: Tried Our Best To Sell Quelle Unit
Wall Street Journal, The | 33 days 20 hours 31 minutes ago
FRANKFURT (Dow Jones)--Klaus Hubert Goerg, the insolvency administrator for German retail and travel group Arcandor AG (ARO.XE) said Tuesday all efforts were made to sell the catalogue unit of its Primondo division, Quelle.
Three Parties Eyeing Arcandor's Primondo Division -Sources
Wall Street Journal, The | 40 days 1 hour 4 minutes ago
Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--There are three parties interested in insolvent German retail and travel group Arcandor AG's (ARO.XE) mail order division Primondo, and Primondo's catalogue unit Quelle, people familiar with the situation told Dow Jones Wednesday.
UPDATE: Three Parties Eyeing Arcandor's Primondo Unit-Sources
Wall Street Journal, The | 39 days 23 hours 3 minutes ago
(Adds more detail.) By Natali Schwab and Nina Koeppen Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--Three parties are interested in insolvent German retail and travel group Arcandor AG's (ARO.XE) mail order division Primondo and Primondo's catalogue unit Quelle, people familiar with the situation told Dow Jones Newswires Wednesday.
Arcandor's German mail-order unit Quelle to close
Forbes | 34 days 14 hours 26 minutes ago
FRANKFURT, Oct 19 (Reuters) - The administrator of insolvent retailer Arcandor AG has decided to liquidate the group's German mail-order business, Quelle Deutschland, due to a lack of investors, Klaus Hubert Goerg said in a statement on Monday.
Quelle's bankruptcy to cost DHL 400 jobs
CNBC | 31 days 20 hours 25 minutes ago
FRANKFURT - Postal and logistics company Deutsche Post AG said Thursday that its DHL express unit is expected to lose 400 jobs in Germany after the closure of mail-order business Quelle, part of bankrupt retailer Arcandor AG.
Metro CEO Says Still Interested In Karstadt Stores
Wall Street Journal, The | 20 days 3 hours 8 minutes ago
FRANKFURT (Dow Jones)--German retailer Metro AG's (MEO.XE) Chief Executive Eckhard Cordes Tuesday said that in principle, Metro is still interested in acquiring some of insolvent retail and travel group Arcandor AG's (ARO.XE) Karstadt department stores.
Adidas Sees No Major Impact From Quelle Liquidation
Wall Street Journal, The | 32 days 22 hours 58 minutes ago
FRANKFURT (Dow Jones)--German sportswear company Adidas AG (ADS.XE) Wednesday said it doesn't expect the liquidation of Arcandor AG's (ARO.XE) catalogue unit Quelle to have a major impact on its business.
BRIEF-Arcandor insolvency administrator says HSE24 to be sold to Axa private equity
Forbes | 12 days 20 hours 15 minutes ago
FRANKFURT, Nov 10 (Reuters) - Arcandor AG: * Insolvency administrator says HSE24 to be sold to Axa ( AXA - news - people ) private equity
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Company Overview
| Company: | Arcandor AG |
|---|---|
| Industry: | Department Stores |
| Website: | http://www.arcandor.com |
Ailing German retail group Arcandor AG operates department stores in Germany under the Karstadt, KaDeWe, and Oberpollinger banners, among others, as well as Karstadt sporting goods stores. Its Primondo home-shopping business runs the international mail-order firm Quelle, as well as some 15 other specialty catalog and e-commerce ventures. Stung by weak consumer spending and a downturn in the department store sector, the firm filed for bankruptcy in June 2009. Arcandor's lenders took control of its majority stake in the Thomas Cook travel group -- its biggest moneymaker -- in September 2009 and sold the shares on the stock exchange.
Key Numbers
| Sales in U.S. Dollars (mil.) | 27,961.9 (2008) |
|---|---|
| One-year % Growth in Sales | 34.3 (2008) |
| Net Income in U.S. Dollars (mil.) | -1,067.5 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 87,772 (2007) |
| One-year % Growth in Number of Employees | 0.4 (2007) |
| Fiscal Year-End | September |