Business Model
The historical merger of Karstadt and Kaufhof enables the vision of the marketplace of the future, in the middle of all the relevant inner cities of Germany. Intelligently linked to successful digital platforms, a company was created that reaches 80 percent of the urban population in its immediate vicinity. Strengths that are unique – and will remain unique. While leading, pure online providers are desperately looking for showcase space in prime locations, the joint venture with 243 established inner-city locations has created an excellent starting position.
This is about nothing less than significantly helping to shape the future of city centres and inner-city trade as a whole. The new combined SIGNA and HBC company includes Kaufhof and Karstadt, as well as the entire retail business of HBC Europe, Karstadt Sports, and the food and catering departments of both companies. All e-commerce platforms have also been merged. The new Group employs a total of 32,000 people. Karstadt CEO and SIGNA Retail CEO Stephan Fanderl heads the group, and the CFO is Karstadt CFO Miguel Müllenbach.