By  on May 25, 2009

BERLIN — Time is running out for Arcandor, the parent company of troubled German department store Karstadt, after the German government delayed a decision on state aid.

Government officials here said Monday they want more details about a possible merger between the department stores chain and rival retailer Metro, and that a decision on whether to grant Arcandor state aid, which had been expected this week, now looks unlikely.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus