KaDeWe Group

KaDeWe Group GmbH is a group of three department stores in Germany with around 4,000 employees.[1] It is owned by the Thai Central Group.

Stores

Operating

Future

Cancelled

  • Lamarr in Vienna, Austria: Planned to open in 2025, cancelled in 2024 due to the Signa Holding bankruptcy and the under-construction store building was demolished.[2][3]

History

The group was founded in 2014 by Signa Holding (at the time owner of German department store Galeria Kaufhof) and was also owned by Beny Steinmetz for a short period. In 2015 Central Group (who own a plethora of department stores in Asia and Europe) acquired a stake in the company.[4]

The construction of a new department store titled Lamarr (after actress Hedy Lamarr) was announced in 2022 to be built in Vienna.[5]

In 2023, Signa Holding filed for bankruptcy and in mid-2024 Central Group purchased 100% of the company.[6][7]

Following the cancellation of Lamarr, Central Group purchased the under-construction Düsseldorf Carsch-Haus store in 2025, saving the project.[8]

References

  1. ↑ "The KaDeWe Group (Alsterhaus, KaDeWe, Oberpollinger)". IGDS.
  2. 1 2 Van, Tong (2024-06-25). "Central Group snaps up KaDeWe's remaining assets. What's next?". Inside Retail Asia. Retrieved 2025-03-08.
  3. ↑ "Demolition of "Lamarr" Shell Construction in Vienna Started". vienna.at. 2025-07-18. Retrieved 2025-10-01.
  4. ↑ "KaDeWe Has Been Handed to a New Owner". www.berlinglobal.org. Retrieved 11 January 2024.
  5. ↑ Dong, Irene (2022-11-09). "Central Group unveils Lamarr luxury department store planned for Vienna". Inside Retail Asia. Retrieved 2024-08-08.
  6. ↑ "Signa Development files for insolvency with $1.3 bln in debts -KSV". Reuters. 29 December 2023. Retrieved 8 August 2024.
  7. ↑ Conti, Samantha (2024-08-01). "Central Group Takes Full Control of KaDeWe Stores in Germany, Names Timo Weber CEO". WWD. Retrieved 2024-08-08.
  8. ↑ "Handelsblatt". www.handelsblatt.com. Retrieved 2025-10-01.
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