[HIGHLIGHTS] Famous luxury department store KaDeWe is bankrupt

Famous luxury department store KaDeWe is bankrupt.. As of: January 29, 2024, 8:52 a.m By: Amy Walker CommentsPressSplit According to media reports, the Berlin department storeKaDeWe has now also filed for bankruptcy.

The reason for the imbalance is Signa's bankruptcy. According to the Süddeutsche Zeitung, the Ka deWe Group is still doing well - sales amount to 800 million euros per year. The Thailand-based Central Group owns 50 percent of the luxury department stores.