BERLIN — A decision is nearing regarding both the sale of the insolvent Arcandor Group’s catalogue and mail-order division Primondo, and the fate of its challenged Quelle catalogue business, Arcandor said Thursday.
Klaus Hubert Görg, insolvency administrator for Quelle, said the fate of the bankrupt catalogue house would be decided by the end of the month. Quelle is regarded as the weak link in the Primondo deal, which also includes special catalogues such as Hess Natur and Baby Walz, and the TV shopping channel HSE 24. Speculation is growing the division may not be able to be sold as a whole, though this remains the official Arcandor strategy.
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