German department store chain Karstadt is finally under new ownership after an administrative court in Essen approved plans from Berggruen Holdings to take over the company in a move that protects more than 25,000 jobs.
Berggruen, which is headed by financial investor Nicolas Berggruen, has been in line to acquire the chain – previously owned by collapsed corporation Arcandor AG – since June. But it has been caught up in negotiations over rental terms for the chain’s store portfolio, most of which is owned by the Highstreet partnership.
Berggruen earlier said it was teaming up with US fashion company BCBG Max Azria Group to help with merchandising and product sourcing for Karstadt.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Style Excellence Awards - Nominations Closed
Nominations are now closed for the Just Style Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact
Excellence in Action
From bio-based durable water repellents to 90–95% wastewater recovery, Archroma’s dual win in the 2025 Just Style Excellence Awards highlights its sustainability-first approach. Find out how PHOBOTEX® NTR-50 and the Mahachai ZLD project are helping apparel and textile players meet tightening global regulations.
Discover the Impact
