×
89 215
Fashion Jobs
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · PALO ALTO
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · TUCSON
URBN
Anthropologie Design Director - Furniture
Permanent · PHILADELPHIA
URBN
Anthropologie Design Director - Fabric & Textile Concept
Permanent · PHILADELPHIA
URBN
Free People Associate Merchandise Planner
Permanent · PHILADELPHIA
BATH & BODY WORKS
Manager, Public Relations & Influencer
Permanent · REYNOLDSBURG
COLUMBIA
International Marketing Manager
Permanent · PORTLAND
URBN
Urbn Financial Analyst
Permanent · PHILADELPHIA
URBN
Free People CRM Analyst
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · WASHINGTON
BATH & BODY WORKS
Senior Manager, Stores Learning And Development
Permanent · COLUMBUS
TUMI
Director, Global Marketing
Permanent · NEW YORK
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODBURY
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Soho
Permanent · NEW YORK
BLOOMINGDALE'S
Registry Consultant, Full Time - Boca Raton
Permanent · BOCA RATON
H&M
842 Area Visual Manager
Permanent · LOS ANGELES
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Short Hills
Permanent · MILLBURN
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · COSTA MESA
COLUMBIA SPORTSWEAR COMPANY
Regional Loss Prevention Manager (Northwest-us)
Permanent · SALEM
By
Reuters
Published
Sep 30, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Metro CEO says Kaufhof doing well but still wants to sell

By
Reuters
Published
Sep 30, 2013

FRANKFURT, Germany - German department store chain Kaufhof is doing well but its owner Metro wants to sell it, the group's chief executive Olaf Koch told WirtschaftsWoche magazine.

"Kaufhof clearly has a better valuation compared to early last year when we were in talks to sell the chain," Koch was quoted as saying. "The company has made some fantastic progress."

Despite the improvement, Koch still intends to sell the chain, he said.

"The department store business cannot be internationalized in the same way as the wholesale or consumer electronics business. Return on investment is substantially lower."

He ruled out a merger with German rival Karstadt, which earlier this month sold a stake in its luxury and sports stores to Austrian investor Rene Benko.

"At the moment we don't seen a reason to look into that option," the Metro executive was quoted as saying.

Metro, the world's No.4 retailer, in early-2012 suspended the sale of its Kaufhof department stores, which at the time were valued at 2-3 billion euros ($2.7-4.1 billion), saying potential buyers were struggling to raise funds.

Businessman Nicolas Berggruen, who rescued Karstadt from insolvency in 2010, has been an advocate of a merger between the two department stores.

© Thomson Reuters 2022 All rights reserved.