Berlin’s Governing Mayor Kai Wegner wants to find a solution for KaDeWe. “The Berlin Senate will work to ensure that a solution can be found for Berlin’s most famous department store and that as many jobs as possible are preserved,” said Wegner (CDU) on Monday, according to the statement.
The KaDeWe Group with the three luxury department stores KaDeWe in Berlin, Oberpollinger in Munich and Alsterhaus in Hamburg filed for self-administration insolvency proceedings on Monday. The company said the houses will continue to operate.
“KaDeWe’s insolvency application shows what a difficult situation all department store locations have found themselves in following the insolvency of Signa Holding,” said Wegner. The insolvency of the trading company The KaDeWe Group GmbH follows a few weeks after the Signa company network of the Austrian investor René Benko ran into difficulties. Signa holds a stake in the KaDeWe Group. Wegner also sees the bankruptcy as an opportunity for further development of the department store locations. (dpa)