KaDeWe Group GmbH is a group of three department stores in Germany with around 4,000 employees.[1] It is owned by the Thai Central Group.
- KaDeWe (Kaufhaus des Westens) in Berlin
- Oberpollinger in Munich
- Alsterhaus in Hamburg
History
editThe group was founded in 2014 by Signa Holding (at the time owner of German department store Galeria Kaufhof) and for a short period was also owned by Beny Steinmetz. In 2015 Central Group (who own a plethora of department stores in Asia and Europe) acquired a stake in the company.[2]
The construction of a new department store titled Lamarr (after actress Hedy Lamarr) was announced in 2022 to be built in Vienna.[3] However as of 2024 after the bankruptcy of Signa the project is for sale and no longer part of the group after Central purchased the company in 2024.[4]
In 2023 Signa Holding filed for bankruptcy and in mid-2024 Central Group purchased 100% of the company.[5][6]
References
edit- ^ "The KaDeWe Group (Alsterhaus, KaDeWe, Oberpollinger)". IGDS.
- ^ "KaDeWe Has Been Handed to a New Owner". www.berlinglobal.org. Retrieved 11 January 2024.
- ^ Dong, Irene (2022-11-09). "Central Group unveils Lamarr luxury department store planned for Vienna". Inside Retail Asia. Retrieved 2024-08-08.
- ^ "Signa's Major Project". Vindobona.org | Vienna International News. Retrieved 2024-08-08.
- ^ "Signa Development files for insolvency with $1.3 bln in debts -KSV". Reuters. 29 December 2023. Retrieved 8 August 2024.
- ^ Conti, Samantha (2024-08-01). "Central Group Takes Full Control of KaDeWe Stores in Germany, Names Timo Weber CEO". WWD. Retrieved 2024-08-08.