{"id":20704,"date":"2020-03-31T08:38:53","date_gmt":"2020-03-31T06:38:53","guid":{"rendered":"https:\/\/www.immobilienbusiness.ch\/?p=20704"},"modified":"2020-03-31T08:38:53","modified_gmt":"2020-03-31T06:38:53","slug":"deutscher-warenhauskonzern-existenziell-bedroht","status":"publish","type":"post","link":"https:\/\/www.immobilienbusiness.ch\/en\/retail\/2020-03-31\/deutscher-warenhauskonzern-existenziell-bedroht\/","title":{"rendered":"German department store group's existence threatened"},"content":{"rendered":"<figure id=\"attachment_7837\" aria-describedby=\"caption-attachment-7837\" style=\"width: 680px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-7837\" src=\"https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015.jpg\" alt=\"\" width=\"680\" height=\"447\" srcset=\"https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015.jpg 999w, https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015-300x197.jpg 300w, https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015-768x505.jpg 768w, https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015-16x12.jpg 16w, https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015-266x175.jpg 266w, https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015-532x350.jpg 532w, https:\/\/www.immobilienbusiness.ch\/wp-content\/uploads\/2017\/06\/Depositphotos_80066026_m-2015-920x605.jpg 920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><figcaption id=\"caption-attachment-7837\" class=\"wp-caption-text\">According to media reports, the German department store group Galeria Karstadt Kaufhof needs state aid (Symbol image: Melpomene - depositphotos)<\/figcaption><\/figure>\n<p>The Corona crisis is also affecting major market players. Investor and billionaire Ren\u00e9 Benko, <a href=\"https:\/\/www.immobilienbusiness.ch\/en\/globus-wechselt-fuer-eine-milliarde-chf-den-eigentuemer\/\">which acquired the Swiss department store chain Globus together with the Central Group from Bangkok at the beginning of February,<\/a> has to worry about its department store group Galerie Kaufhof and Karstadt in Germany and according to media reports is already negotiating with the German government about aid money.<\/p>\n<p>The company, like the bulk of the retail trade, is affected by the closure of stores. A few days ago, the approximately 30,000 employees of GKK Galeria Karstadt Kaufhof received a letter from their managing director - the company was \"existentially threatened\" and therefore had to withhold 15% of March salaries; furthermore, they had applied for short-time work. These measures do not seem to be enough: According to an internal paper, there are currently \"ongoing talks with banks in order to meet the extensive conditions necessary to receive state aid\".<\/p>\n<p>As the Austrian daily newspaper <em>Courier<\/em> reports, the parent company Signa Holding (profits 2018: 1 billion euros, liquidity reserves until the end of 2019: around 1.2 billion euros), which is owned by Ren\u00e9 Benko (private assets: around 4.1 billion euros), is ready to help out with money, but this is apparently not enough. The department store group's otherwise weekly income of 80 million euros will be lost during the crisis, while at the same time \"substantial costs\" will be continuously incurred. As the German <em>Manager Magazine<\/em>\u00a0reports, the Galeria Kaufhof Karstadt Group needs \"hundreds of millions\" to overcome the crisis. <em>(bw)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>A few weeks ago Ren\u00e9 Benko acquired the Swiss Globus chain together with the Central Group. Now the billionaire is negotiating in Germany for state aid for the Galeria Karstadt Kaufhof Group.<\/p>","protected":false},"author":3,"featured_media":7837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"Warenhaus","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"Ren\u00e9 Benko, der k\u00fcrzlich gemeinsam mit der Central Group die Globus-Kette kaufte, verhandelt in Deutschland um Hilfsgelder f\u00fcr die Galeria Karstadt Kaufhof.","_yoast_wpseo_linkdex":48,"pgc_sgb_lightbox_settings":"","footnotes":""},"categories":[987],"tags":[1143,1645,1845],"class_list":["post-20704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail","tag-coronavirus","tag-retailflaechen","tag-warenhaus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deutscher Warenhauskonzern existenziell bedroht - 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