en.wikipedia.org/wiki/Karstadt
4 corrections found
€2,673 million (2013)
Karstadt’s 2013 operating income was not €2.673 billion. Contemporary reporting shows Karstadt’s 2012/13 EBIT was negative, while roughly €2.7 billion was its revenue.
Full reasoning
This figure is mislabeled.
Contemporary reporting on Karstadt’s 2012/13 results distinguishes revenue from operating profit/income:
- manager magazin reported that Karstadt’s sales/revenue for 2012/2013 fell from “gut 2,9” to about 2.7 billion euros.
- Tagesspiegel reported that Karstadt’s EBIT (earnings before interest and taxes — i.e. operating result) was minus 168 million euros.
So the €2.673 billion figure aligns with revenue/sales, not operating income. Labeling it as “Operating income” is therefore incorrect.
2 sources
- Die traurige Wahrheit über Karstadt: Verlust steigt auf 250 Millionen Euro
Das Ergebnis vor Zinsen und Steuern (Ebit) lag bei minus 168 Millionen Euro.
- manager magazin 4/2014: Karstadt schreibt abermals dreistelligen Millionenverlust
Der Umsatz ging 2012/2013 von gut 2,9 auf etwa 2,7 Milliarden Euro zurück, meldet manager magazin weiter.
Eva-Lotta Sjöstedt (CEO)
Eva-Lotta Sjöstedt was not Karstadt’s continuing CEO. She resigned on 7 July 2014, and Stephan Fanderl was appointed the new Karstadt chief in October 2014.
Full reasoning
This listing is outdated and incorrect for the company described on the page.
Eva-Lotta Sjöstedt only led Karstadt briefly in 2014. Reporting from 7 July 2014 says she stepped down immediately after less than five months in the job. Later reporting from 24 October 2014 states that Stephan Fanderl had become the new Karstadt chief.
Because the page describes Karstadt through its later years and up to its 2019 merger, listing Sjöstedt as the company’s CEO is wrong: she had already left years earlier.
2 sources
- Handel: Schock für Karstadt: Chefin Sjöstedt gibt auf | DIE ZEIT
Die Chefin Eva-Lotta Sjöstedt hat den Chefsessel ... nach weniger als fünf Monaten geräumt... Sie habe deshalb ihr Amt zum 7. Juli niedergelegt.
- Handel: Neuer Karstadt-Chef schließt Häuser und will durchgreifen | DIE ZEIT
Der neue Karstadt-Chef Stephan Fanderl will den Warenhauskonzern mit harter Hand sanieren. Unmittelbar nach seiner Ernennung durch den Aufsichtsrat...
They now belong to The KaDeWe Group, in which Karstadt's owner Signa Holding has a 49% minority shareholding.
This ownership statement is outdated. Since 2024, Central Group has taken over the remaining Signa stake, so Signa no longer holds a 49% minority shareholding in the KaDeWe Group.
Full reasoning
This sentence was true in the past, but it is no longer correct.
By mid-2024, Signa’s minority stake had been bought out:
- tagesschau reported on 14 June 2024 that Central Group was taking over the remaining 49.9% of the KaDeWe Group’s operating business from the collapsed Signa group, meaning the business would belong completely to Central Group.
- Central Group’s own announcement also states that before the transaction it held 50.1% of the operating company while Signa held the remainder, and that it had agreed to acquire 100% of the KaDeWe Berlin property from Signa.
So the article’s present-tense claim that Signa has a 49% minority shareholding is outdated and false.
2 sources
- Central Group übernimmt den ganzen Geschäftsbetrieb der KaDeWe Group | tagesschau.de
Der Geschäftsbetrieb der drei deutschen Luxuskaufhäuser KaDeWe, Oberpollinger und Alsterhaus gehört künftig komplett der thailändischen Central Group... 49,9 Prozent gehörten zum zusammengebrochenen Signa-Firmengeflecht.
- Central Group will become the new owner of KaDeWe Berlin Property | Central Group
Central Group had since 2015 co-invested with Signa in The KaDeWe Group... While Central Group holds a 50.1 percent stake in the operating company...
That location continues to serve as the headquarters of the successor company, Galeria Karstadt Kaufhof.
This is no longer true. Galeria moved its headquarters from Essen to Düsseldorf in 2025.
Full reasoning
This present-tense statement is outdated.
Recent reporting shows that Galeria’s headquarters left Essen in 2025:
- t-online reported that, effective 1 September 2025, Galeria’s headquarters moved from Essen to Düsseldorf, ending more than 120 years of presence in Essen.
- Antenne Düsseldorf likewise reported that Galeria was leaving Essen and moving its administration to a new headquarters in Düsseldorf.
So the former Essen-Bredeney location does not continue to serve as the successor company’s headquarters.
2 sources
- Essen: Galeria-Zentrale nach 120 Jahren nach Düsseldorf umgezogen
Die Galeria-Konzernzentrale hat Essen nach über 120 Jahren endgültig verlassen. Ab dem 1. September 2025 arbeiten rund 700 Beschäftigten am neuen Standort in Düsseldorf-Unterbilk.
- Galeria zieht nach Düsseldorf - Antenne Düsseldorf
Der Kaufhaus-Konzern Galeria verlässt Essen und zieht mit seiner Verwaltung nach Düsseldorf. Schon Anfang September 2025 sollen rund 700 Mitarbeitende in die neue Zentrale ... umziehen.