June 18, 2018 2:24 PM ET

Multiline Retail

Company Overview of Karstadt Warenhaus GmbH

Company Overview

Karstadt Warenhaus GmbH operates a chain of department and sports stores. Its product line includes textiles, leather, electronic goods, and home furnishings. The company was founded in 1881 and is based in Essen, Germany.

Theodor-Althoff-Str. 2

Essen,  45133

Germany

Founded in 1881

Phone:

49 201 727 1

Fax:

49 201 727 5216

Key Executives for Karstadt Warenhaus GmbH

Managing Director
Member of the Management Board
Age: 64
Compensation as of Fiscal Year 2017.

Karstadt Warenhaus GmbH Key Developments

Karstadt to Open a New Department Store in the Gropius Passagen in Berlin

In autumn 2018, Karstadt announced that it will open a new department store in the Gropius Passagen in Berlin. For its future store, the department store group has signed a long-term lease with the capital's biggest shopping centre, which, as part of a joint venture with TH Real Estate, belongs to the portfolio of Unibail-Rodamco Germany and is also run by the company itself. Karstadt will, to all intents and purposes, be moving into the space that, until the summer of last year, was occupied by Galeria Kaufhof. The new department store in the Gropius Passagen covers 7,900 m2 of sales space on three storeys and is designed as a networked marketplace. The property is expected to be handed over to the tenant - Karstadt Warenhaus GmbH - by July 2018 at the latest, with the grand opening scheduled for as early as October 2018.

Karstadt to Open New Department Store by 2018

Karstadt will open a new department store by 2018 at the latest. A long-term lease for this future branch was concluded with HGHI Holding GmbH. The new branch will be situated in a prime location that is very popular with customers and well connected to U-Bahn and S-Bahn lines. The new department store in the Gorkistrasse pedestrian zone covers 8,800 m of sales space on four storeys and is designed as a local marketplace. The property is expected to be finished by 2018 at the latest and will then be handed over to Karstadt Warenhaus GmbH as the tenant. The new branch will open approximately two months later. The Tegel Center and the 350-metre pedestrian zone on Gorkistrasse will be modernised to a large extent by HGHI Holding GmbH to offer this district an attractive shopping experience. Over 100 shops will be built here on approximately 50,000 m of sales space. With its immediate proximity to U-Bahn and S-Bahn stations, this location also has excellent local public transport connections.

Similar Private Companies By Industry

Company Name Region
Aldi (Süd) GmbH & Co. Europe
Aldi GmbH & Co. KG Europe
Artfonds 21 AG Europe
City - Kaufhaus Gmbh & Co. Betriebs Kg Europe
DEZ Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 18, 2018
Substantial Assets of Kisura GmbH
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Karstadt Warenhaus GmbH, please visit www.karstadt.de. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.