CHAIRMAN: DR. KHALID BIN THANI AL THANI
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Business

New owner for Karstadt

Published: 15 Aug 2014 - 09:47 pm | Last Updated: 21 Jan 2022 - 06:23 pm

A clock showing one minute to noon is seen at a warehouse of the German department store chain Karstadt in Hamburg. The department store chain is changing hands for the second time in four years, with an Austrian property investor now taking on the task of coming up with a new strategy for the loss-making chain.