The sale of insolvent German department store chain Karstadt has been delayed until 9 June with three bids on the table. Administrator Klaus Hubert Goerg said in a statement that the bidders include the Highstreet consortium - which owns the majority of Karstadt’s stores, German-Swedish financial investor Triton and private equity firm Berggruen Holdings. The deadline for the sale was extended in a meeting between Karstadt's insolvency and the retailer's creditors on 28 May.
Premium subscriber content – please log in to read more or take a free trial.
