BerlinIt is approximately 460 million euros. Up to nearly half a billion, with which the state department store group wants to preserve Galleria Karstad Kaufhof. Money should be enough until Easter. Then it comes to repayment including interest. Because money is only borrowed, not given. But the possibilities are not the best. opposite of this. In fact, they are very cheap. And this is not because Galleria Karsta is following an old business model with the operation of the Kauhoff department store. The department store itself is not dead. You just have to run it imaginatively and resourcefully. However, at Karstadt-Kaufhof, they have been proving for years that this is exactly what they cannot do.
It was difficult to understand that the Berlin Senate was persuaded for its alleged defense of some of the city’s departmental stores, as it did not alter the concept or design. Why should there have been doom just to be able to survive suddenly? Perhaps the management under Austrian billionaire René Benko could actually do better under the gamblers Middelhoff and Berggren, who accelerated the department store chain and which was followed by the hardly better Canadian Hudson Bay Group. But they have not yet provided evidence for this, and there is no time now.