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After the second World War the Allies banned
Schickedanz from exercising his profession, his properties were confiscated and he was sentenced to imprisonment with labour. In 1948 he was released, during him serving his sentence, his sister, Liesl Kießling, managed Quelle. His wife opened the first
358:
Arcandor's websites, when taken together, put
Arcandor easily in the top 20, and maybe in the top 10, in the rankings of all web properties ranked by numbers of unique visitors per month, among internet users in Germany. Most of this traffic was shoppers at online stores branded with the company's
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In June 2009, Arcandor filed for bankruptcy protection after its request for loan guarantees of up to €650 million was rejected by the German government. The German government subsequently agreed on 30 June to provide a €71 million loan to Quelle. The company's holding in the
740:
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In July 2008 Arcandor AG's combined websites ranked number 9 on the list of all websites ranked by unique visitors per month, among German internet users, according to data compiled by
562:
169:, that oversaw a number of companies operating in the businesses of mail order and internet shopping, department stores and tourism services. It was formed in 1999 by the merger of
173:, founded in 1920, with Quelle AG, founded in 1927. In 2005, the corporation had about 68,000 employees and annual sales of €15.5 billion. Its stocks were traded on the
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on 3 June 2009. On 6 June 2009, the company announced it was no longer able to pay rent for its department stores, which the company had previously sold and
433:
750:
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The administrators of
Arcandor chose in October 2009 to liquidate the Quelle mail order business, following unsuccessful attempts to find a buyer.
670:
639:
272:, to which KaDeWe belonged. In 1999 it merged with Quelle AG to become KarstadtQuelle AG. On 1 July 2007 the company was renamed Arcandor AG.
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Specialty assortments: Walz, Hess Natur, Fritz Berger, Madeleine, BON'A PARTE, clinic+job-dress, DK Berufsmoden, Simon Jersey
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Process on Gustav
Schickedanz began, it was noted that of Gustav Schickedandanz's past capital of 9 Million
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Quelle store after the war, in 1946. Since 1948 the delivery business of Quelle was being rebuilt. As the
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from their former Jewish owners. 1939 Quelle had around two million regular customers and made 40 million
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On 5 June 2009, investigations started into possible breach of trust offenses by
Arcandor's former CEO
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232:. Soon, 24 stores had been opened in all of Northern Germany. In 1920, the business was turned into a
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Other services: Customer loyalty scheme (HappyDigits), Itellium, KarstadtQuelle
Information Services
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Arcandor requested financial assistance from the German government, which was rejected by the
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When the Nazis came to power in 1933, department stores founded by Jewish families like the
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Quelle Ag, which merged with
Karstadt, was founded on the 26th of October 1927 by
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539:"KarstadtQuelle Agrees to Reparation Payment to Jewish Family | DW | 30.03.2007"
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business
Neckermann Versand. In 1994, it acquired the department store chain
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and therefore was able to acquire several major companies in the region by
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45:
256:". KarstadtQuelle acquired many businesses and properties in this period.
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General: neckermann.de (until 2005 known as
Neckermann Versand), Quelle
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Financial services: KarstadtQuelle Bank, KarstadtQuelle Finanz
Service
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were forcibly transferred to non-Jewish owners in a process called "
563:"German Retailer Vows Battle Over Jewish Property Claim in Berlin"
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brick-and-mortar store brands or its mail-order catalog brands.
185:, and the largest store operated by Karstadt was in Frankfurt.
671:"Karstadt Plans to Form Three Legally Independent Businesses"
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The first Karstadt department store opened in 1881 in Wismar.
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Specialty stores: KarstadtSport (athletic equipment, etc.)
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bought the Karstadt business to save it from insolvency.
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was sold by Arcandor's creditor banks in September 2009.
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Arcandor was active in the following business segments:
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Karstadt fabric, factory outlet and ready-to wear store
196:. Three days later, the company filed for bankruptcy.
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until September 2009. The company's largest store was
640:"Arcandor's German mail-order unit Quelle to close"
614:"Arcandor banks launch Thomas Cook share placement"
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Tuch-, Manufaktur- und Konfektionsgeschäft Karstadt
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416:about 7 Million were of former Jewish ownership.
741:Companies listed on the Frankfurt Stock Exchange
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483:
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460:"Arcandor could file for insolvency on Monday"
8:
588:"Germany to Loan Arcandor Unit $ 71 Million"
38:
434:"Timeline – Arcandor's path to insolvency"
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37:
293:In September 2010 the American investor
228:. In 1884, a second store was opened in
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436:. Reuters. 9 June 2009. Archived from
7:
612:Scuffham, Matt (9 September 2009).
491:"Germany's Arcandor in bankruptcy"
25:
751:Distribution companies of Germany
646:. 19 October 2009. Archived from
586:Nicholson, Chris (30 June 2009).
518:jewishstandard.timesofisrael.com
387:In 1932 Schickedanz joined the
264:In 1984, Karstadt acquired the
537:Welle (www.dw.com), Deutsche.
1:
669:Elfes, Holger (18 May 2011).
312:Department stores: Karstadt,
309:Brick-and-mortar operations:
746:Department stores of Germany
756:Retail companies of Germany
514:"Restitution case resolved"
772:
616:. Reuters. Archived from
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34:KaDeWe Berlin – June 2007
736:Companies based in Essen
342:Tourism: Bucher Reisen,
216:founded his first store
493:. BBC News. 9 June 2009
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35:
620:on September 12, 2009
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171:Karstadt Warenhaus AG
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179:Kaufhaus des Westens
234:joint stock company
190:European Commission
128:Number of employees
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377:Gustav Schickedanz
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36:
440:on March 25, 2020
344:Thomas Cook Group
301:Business segments
295:Nicolas Berggruen
285:Thomas Cook Group
277:Thomas Middelhoff
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16:(Redirected from
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716:Official website
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650:on March 6, 2016
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214:Rudolph Karstadt
212:On 14 May 1881,
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346:(52% ownership)
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159:holding company
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27:Holding company
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410:Denazification
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363:Quelle Company
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18:KarstadtQuelle
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466:. 7 June 2009
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678:. Retrieved
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648:the original
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618:the original
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438:the original
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393:Aryanization
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328:Mail-order:
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254:Aryanization
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181:(KaDeWe) in
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113:Headquarters
53:Company type
721:(in German)
383:Nazi Period
194:leasebacked
175:Mid Cap DAX
161:located in
155:Arcandor AG
39:Arcandor AG
730:Categories
572:2022-10-01
548:2022-10-01
523:2022-10-01
420:References
397:Reichsmark
339:Services:
266:mail-order
108:Bankruptcy
680:5 October
675:Bloomberg
654:5 October
624:5 October
597:5 October
497:3 October
470:5 October
444:5 October
250:Wertheims
144:.arcandor
63:Traded as
696:Comscore
318:Wertheim
248:and the
240:Nazi era
79:Industry
644:Reuters
567:Haaretz
464:Reuters
403:Restart
260:Postwar
200:History
167:Germany
137:Website
121:Germany
97:Defunct
89:Founded
71::
698:. See
543:DW.COM
314:KaDeWe
270:Hertie
230:Lübeck
226:Wismar
183:Berlin
157:was a
83:Retail
56:Public
389:NSDAP
246:Tietz
224:) in
163:Essen
117:Essen
682:2013
656:2013
626:2013
599:2013
499:2013
472:2013
446:2013
146:.com
105:Fate
100:2009
92:1999
142:www
73:ARO
69:FWB
732::
673:.
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480:^
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220:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
