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German Retail Group Files for Bankruptcy
The New York Times
Arcandor made the bankruptcy filing after the government rejected its request for emergency state aid.
179 months ago
Thousands of jobs at risk as Arcandor goes bust
France 24
German retail and tourism giant Arcandor has officially filed for insolvency after the government dismissed its request for emergency state...
179 months ago
Former Arcandor CEO leaves with hefty pay guarantee
DW
Politicians and labor unions are outraged that the former head of retail group Arcandor will be paid millions of euros to leave the bankrupt...
176 months ago
German Exec Middelhoff Embezzlement: Ex-Bertelsmann Leader Convicted | TIME
Time Magazine
German businessman Thomas Middelhoff, former C.E.O. of Bertelsmann, was convicted of embezzlement and tax evasion in Germany Friday.
114 months ago
Arcandor administrator says Quelle No. 1 priority
Reuters
Arcandor 's insolvency administrator on Thursday said securing the Quelle mail order business is currently a priority.
178 months ago
Thomas Middelhoff, Ex-Chief of Bertelsmann, Gets 3-Year Prison Term Over Misuse of Funds (Published 2014)
The New York Times
Mr. Middelhoff had faced criminal charges for having the German retailer Arcandor pay for private flights and other personal expenses.
114 months ago
Arcandor to close Quelle
Drapers
Efforts to sell the business, which is part of German retail giant Arcandor and is in administration, have failed resulting in the closure...
174 months ago
BBC NEWS | Business | 7,000 jobs go as Quelle goes bust
BBC
After 82 years of trading, mail-order company Quelle is to close in Germany with the loss of 7000 jobs.
174 months ago
Schickedanz lawsuit opens
DW
German ex-billionaire Madeleine Schickedanz has sued the bank Sal. Oppenheim for damages after losing her fortune in the 2009 insolvency of...
136 months ago
Thomas Middelhoff, the broken tycoon, on life after prison
Financial Times
The former Bertelsmann chief on losing a fortune, nearly dying in jail — and facing up to his past.
72 months ago