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Negotiations successful: Karstadt Dessau to stay

Thanks to constructive and successful negotiations between the Karstadt management team and the old and new owners of the property, the Karstadt store in Dessau can stay.

Karstadt’s Director of Labour Relations and CFO Miguel Müllenbach comments: “We are very happy that we have succeeded in keeping the Dessau location and the roughly 70 jobs there. Following constructive talks with both the old and the new owners of the property, we have concluded a new lease agreement on an adjusted economic basis. The store in Dessau will now be able to benefit, like the rest of the company, from our successful restructuring programme. This includes, for example, a stronger local orientation of the product range and a particular focus on customer advice. Karstadt will position itself on the market with the most modern processes in German retail.”

The former owner had sold the building in which the Karstadt store is located on 14 October.