KaDeWe Group with luxury department stores KaDeWe (Berlin), Oberpollinger (Munich) and Alsterhaus (Hamburg) has filed for bankruptcy. The trading company emphasized that the rents at the three locations in particular are putting a strain on business.
The insolvency follows a few weeks after the Signa company network of the Austrian investor René Benko ran into difficulties. Signa Retail announced at the end of November that it would wind up its business in an orderly manner.