Department Store Union

Closing: Karstadt and Kaufhof are now one

CEO Stephan Fanderl
CEO Stephan Fanderl

The department store merger has been completed - at least legally: On Tuesday, Galeria Karstadt Kaufhof announced that the closing of the merger of the two large department store groups in Germany has been completed. Karstadt and Kaufhof have already been working under one roof for around ten months, but still as two separate Signa companies.

With the new legal status, the management under CEO Stephan Fanderl should have direct, fast access to all areas of the company much easier than before.

This text was originally published in German and machine-translated into English.