[HIGHLIGHTS] “The highest burden in Munich”: Oberpollinger faces bankruptcy – luxury department store remains open

“The highest burden in Munich’: Oberpollinger faces bankruptcy – luxury department store remains open. As of: January 29, 2024, 5:38 p.m By: Isabel Winklbauer CommentsPressSplit On Monday, the KaDeWe Group announced that it had filed for insolvency proceedings.

According to its own statements, the trading company primarily wants to free itself from high rents. Because the business actually runs on luxury. In the 2022/2023 financial year, theKaDeWe group reported sales of almost 728 million euros, an increase of almost 24 percent compared to the pre-Corona financial year 2018/2019.