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.
History
editThe group was founded in 2014 by Signa Holding (at the time owner of German department store Galeria Kaufhof) and was also owned by Beny Steinmetz for a short period. 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.