May 24, 6:11 AM EDT
Media & Culture
Arcandor CEO says may be no need for Kaufhof deal -report
By IBT Staff Reporter on 08/29/09 AT 11:06 AM
The chief executive of insolvent German retailer Arcandor said its department store business Karstadt could survive independently and may not need to merge with rival Kaufhof, a German magazine reported.
Arcandor throws in towel after aid bid fails
By IBT Staff Reporter on 06/09/09 AT 10:26 AM
German retail group Arcandor AG threw in the towel on Tuesday, filing for insolvency after the Berlin government rejected its request for emergency state aid.