Almost seven months after the merger of the two department store chains, the SIGNA Group acquired all shares in the Galeria Karstadt Kaufhof department store group in June 2019.

In 2018, SIGNA (50.01 %) and HBC (49.99 %) had merged the two department store chains under the operative management of SIGNA. Since then, the management team led by Dr. Stephan Fanderl has initiated a comprehensive integration process. The goal is to make the department stores future-proof and to create one of the leading omnichannel providers in the digital age. Galeria Karstadt Kaufhof has over 243 established inner city sites in Europe and generates a turnover of around 5 billion Euro with about 32,000 employees.

The agreement also states that the Belgian department store operator Galeria Inno will be completely owned by SIGNA. Hudson’s Bay Netherlands on the other hand will once again be owned 100% by Hudson’s Bay Company.

As a part of the agreement, SIGNA also acquired all shares of the previously joint European real estate portfolio from HBC. To date, the two companies had each owned 50 % of the portfolio.

The relevant contracts between HBC and SIGNA have already been signed. The transaction is expected to be closed by autumn 2019. The closing of the transaction is subject to the approval of the respective competition authorities.

Galeria Karstadt KaufhofManagement

Claudia Reinery

Claudia Reinery

Claudia Reinery has been COO of Galeria Karstadt Kaufhof since November 2018 and oversees purchasing and marketing. She had previously held this position at Karstadt Warenhaus GmbH since September 2017. Ms Reinery is extremely well versed in the department store business and joined Galeria Kaufhof in 2009 as a member of the Management Board and as Chief Sales and Marketing Officer after many years in various management positions at Karstadt. Ms Reinery’s vast experience was recently demonstrated during the realignment of beauty specialist Douglas when she sat on the Douglas Group’s Management Board and was CEO of Douglas Germany.

Thomas Wanke

Thomas Wanke

Thomas Wanke, born in 1961, was appointed Chief Sales Officer of Galeria Karstadt Kaufhof in July 2019. Prior to this, he has been CEO of Karstadt Sports since October 2017. He held the position of Chief Retail Sales Officer of Karstadt Warenhaus from mid of 2013 to September 2017. He has an in-depth knowledge of the fashion market. In his positions at P&C, Adler Modemärkte and Charles Vögele he also gained expertise in the field of home textiles. His focus has always laid in the development of sales, especially in the improvement of sales and service orientation as well as the increase of employee motivation.

Jörg Peter Schmiddem

Jörg Peter Schmiddem

Jörg Peter Schmiddem, born 1962, has overseen strategic supplier management at Galeria Karstadt Kaufhof since November 2018. He looks back on more than 25 years of retail experience. During his career he has held various executive and management positions at leading international retail groups, including METRO AG and REWE AG. He is looked upon as a non-food expert in the industry and has deep and broad market and product knowledge in such areas as textiles, household, sports, toys, seasonal, books, media, electronics and food.

Miguel Müllenbach

Miguel Müllenbach

Miguel Müllenbach, born 1975, has been the CFO of Galeria Karstadt Kaufhof since November 2018. Mr Müllenbach had been CFO of Karstadt Warenhaus GmbH since 2012 and previously held various positions at Karstadt since April 2005. His priorities as CFO are controlling, finance and accounting, taxation and legal affairs. He also oversees facility management, real estate, supply chain and IT.

Dr. Stephan Fanderl

Dr. Stephan Fanderl

Dr Stephan Fanderl, born 1963, has been the CEO of Galeria Karstadt Kaufhof since November 2018. He had previously been the CEO of Karstadt Warenhaus GmbH since October 2014. He has also been Managing Director of SIGNA Retail GmbH since January 2015. He chaired the Supervisory Board of Karstadt Warenhaus GmbH from October 2013 to October 2014. He previously worked for Metro, Rewe and Walmart in various corporate management and board functions and has years of experience in the German and international retail sector.

SIGNA is responsible for operational management of the new company. Karstadt and SIGNA Retail CEO Stephan Fanderl will head the group, with Karstadt CFO Miguel Müllenbach in charge of finance.

Just a few months after the successful merger, a new umbrella brand for the two chains has now been introduced. A new logo has been displayed at Karstadt and Galeria Kaufhof stores across Germany since the end of March 2019: Galeria Karstadt Kaufhof.

The brand’s essence and promise: ‘We make shopping more enjoyable and life easier for our customers: in the city and beyond.’

The new brand’s colour scheme is based on the chains’ respective corporate designs – green is Galeria Kaufhof’s corporate colour, while blue has traditionally been associated with Karstadt. These colours merge into each other on the new logo, which also includes a handle symbolising a shopping bag.