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Jul 19, 2018 @ 03:07 by Alexander Voss

"The existence of the classical department store chain business is no longer justified"

Statement of dgroup MD Olaf Rotax in our latest interview with W&V about the merger of Karstadt and Galeria Kaufhof (article is in German)

Two of the most well known department stores in Germany, Karstadt and Kaufhof have signed a letter of intent for a merger according to media reports. 

In an interview with W&V online, our Managing Director Olaf Rotax states why this step was overdue and what department stores need to do in order to stay relevant in an ever-changing environment with competitors such as Alibaba or Amazon.

Read more at W&V online.

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