20.11.2008 |
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E-commerce most dynamic growth area in all Arcandor business divisions |
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Arcandor AG generated orders for products and services of approximately EUR 3.5 billion in 2007 via its online shopping sites. The company is expecting a further increase of over 20% in the current year. Read more |
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13.11.2008 |
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Friedrich Carl Janssen the new Chairman of the Supervisory Board |
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Friedrich Carl Janssen, a personally liable partner in the bank Sal. Oppenheim jr. & Cie. was elected the new Chairman of the Committee at today’s extraordinary meeting of the Supervisory Board. Read more |
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04.11.2008 |
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Arcandor Sustainability Report published |
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The Arcandor Group's first Sustainability Report is published. The report focuses on the environmental and social commitment of Arcandor AG and its three operative business units Thomas Cook, Primondo and Karstadt. Read more |
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03.11.2008 |
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New members on the Arcandor AG Supervisory Board |
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The Arcandor AG Supervisory Board has two new members in the form of Friedrich Carl Janssen and Dr. Hans-Jochem Lüer. They succeed Hero Brahms, Chairmen of the Supervisory Board, and Jürgen Schreiber who left the board on October 31. Read more |
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31.10.2008 |
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Arcandor's 'pact for the future' concluded |
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After two weeks of negotiating, the Management Board, employee representatives and the ver.di union have reached an agreement on the details of the "pact for the future". Read more |
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16.10.2008 |
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Agreement reached on 'Pact for the Future' |
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The management, employee representatives and the ver.di union yesterday signed an agreement on the "Pact for the Future" at Arcandor. Read more |
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09.10.2008 |
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Arcandor drafts 'pact for future' with employees |
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After successfully ensuring the Group's funding, management, employee representatives and the ver.di union have agreed in principle to an employee contribution towards safeguarding the long-term future. Read more |
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29.09.2008 |
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Arcandor AG: Sal. Oppenheim jr. & Cie KG aA subscribes to capital increase |
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Today, Arcandor AG has implemented the capital increase decided by the Management Board and the Supervisory Board. Subscription rights were granted to Sal. Oppenheim jr. & Cie KG aA. Read more |
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29.09.2008 |
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Arcandor AG strengthens equity base – Supervisory Board approves increase in capital |
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The Supervisory Board of Arcandor AG decided to approve the proposal of the Management Board to increase Group capital by utilizing the Contingent Capital I (under exclusion of the subscription rights of shareholders). Read more |
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24.09.2008 |
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Arcandor Refinancing achieved |
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Essen, September 24, 2008. Arcandor AG and the Mandate Lead Arrangers of Arcandors financing bank on Tuesday achieved the mutual understanding on the refinancing-concept for the Travel- and Retail-Group. Read more |
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13.08.2008 |
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Arcandor: Nine-month result more than doubled |
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Düsseldorf/Essen, Germany, August 13, 2008. Arcandor AG (Essen) more than doubled its operating result in the course of the 2007/2008 financial year. Adjusted operating EBITDA improved considerably in the first nine months of the financial year. Read more |
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28.07.2008 |
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Arcandor successfully concludes disposal of department store real estate |
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The 49 percent stake in the Highstreet property company has been taken over by the consortium made up of RREEF Alternative Investments, Pirelli Real Estate, Generali Real Estate Fund S. A. and the Borletti Group. Read more |
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18.07.2008 |
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Herzberg new Chairman of the Karstadt Management Board |
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Stefan W. Herzberg will now take on the role of Chairman of the Karstadt Warenhaus GmbH Management Board. Peter Wolf is retiring from his duties on July 31, 2008. Read more |
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25.06.2008 |
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Arcandor intends to improve its financial flexibility |
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The Management Board of Arcandor AG resolved with the consent of the Supervisory Board to issue unsubordinated and unsecured exchangeable bonds into shares of Thomas Cook Group plc to be settled in cash and/or shares upon exchange at the election of Arcandor. Read more |
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06.06.2008 |
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Change of Management at Arcandor Communication |
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Jörg Howe, Head of Corporate Communications at Arcandor AG, will be leaving the company as of September 30, 2008 and will join Daimler AG, Stuttgart. Gerd Koslowski will become the new Head of Corporate Communications. Read more |
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05.06.2008 |
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The Arcandor AG success on the Internet |
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Arcandor AG in Essen is continuing to expand its market position in the eCommerce sector. As graded in the comScore ranking, its websites brought Arcandor AG to eighth place in April. Read more |
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15.05.2008 |
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Arcandor: Earnings leap by 70% in the second quarter |
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In the second quarter of the 2007/2008 financial year, the Arcandor Group generated a leap in earnings, improving adjusted EBITDA of the operating segments by 70%. Read more |
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23.04.2008 |
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Arcandor AG secures management continuity |
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The CEO of Arcandor AG (Essen), Dr. Thomas Middelhoff, has extended his contract which runs to the end of 2008 by one year to the end of 2009. This was announced on Wednesday in the context of the Annual General Meeting. Read more |
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19.03.2008 |
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49% stake in real estate joint venture Highstreet sold |
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Arcandor AG has sold its 49% stake in the property company Highstreet. The sales agreement was signed on March 19. Read more |
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12.03.2008 |
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Arcandor AG: Euro 200 million cash inflow |
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At an extraordinary General Meeting, Thomas Cook Group plc shareholders today resolved a share buyback program. At the end of the program, Arcandor will have cash inflows of approximately EUR 200 million. Read more |
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14.02.2008 |
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Arcandor's largest division Thomas Cook enjoys strong start to new financial year |
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Thomas Cook and Primondo post excellent start to second quarter of 2007/08, Karstadt considerably improved – Group EBITDA will improve year-on-year in each quarter of the 2007/08 financial year 2008/09 targets expressly confirmed. Read more |
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30.01.2008 |
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Arcandor AG: Transformation to tourism and retail group completed |
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Short financial year (9 months) concluded with considerable operating upturn – unad-justed EBITDA of EUR 1.2 billion – adjusted EBITDA of the operating divisions increases by EUR 666 million to EUR 602 million. Read more |
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08.01.2008 |
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Arcandor Trading Statement |
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Group sales for 2007 calendar year up from €13 billion to €20 billion
In the first quarter of the 2007/08 financial year, the Arcandor Group rigorously continued its operating and strategic realignment. The three operating segments, Thomas Cook, Primondo and Karstadt were further successfully. Read more |
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18.12.2007 |
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Arcandor AG: – Jump in sales and profits – Strong Q3 2007 |
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Arcandor AG (Essen) recorded a strong Q3 2007 and generated substantial increases in sales and profits. Short fiscal year 2007 (January 1 to September 30) was extremely successful for Arcandor. Read more |
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13.12.2007 |
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Thomas Cook Group plc moves up into blue chip index, FTSE 100 |
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Thomas Cook Group plc has been included in the London Stock Exchange’s blue chip index, the FTSE 100. The inclusion comes only six months after the listing of the newly founded company. Read more |
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12.12.2007 |
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Arcandor AG is intending to create European department store alliance |
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Essen-based Arcandor AG has signed a Letter of Intent by which it intends to sell its 49% investment in “Highstreet” real estate company as planned. The value of the real estate and other assets owned by Highstreet is circa EUR 4.7 billion. Read more |
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05.11.2007 |
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Arcandor Group to publish figures for short fiscal year 2007 on December 18 |
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The Arcandor Group will publish its provisional figures for the short fiscal year 2007 on December 18, 2007. Arcandor's management had already announced good business performance for the third quarter. Read more |
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