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20.11.2008
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E-commerce most dynamic growth area in all Arcandor business divisions

 

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.

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13.11.2008
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Friedrich Carl Janssen the new Chairman of the Supervisory Board

 

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.

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04.11.2008
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Arcandor Sustainability Report published

 

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.

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03.11.2008
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New members on the Arcandor AG Supervisory Board

 

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.

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31.10.2008
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Arcandor's 'pact for the future' concluded

 

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".

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16.10.2008
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Agreement reached on 'Pact for the Future'
 

The management, employee representatives and the ver.di union yesterday signed an agreement on the "Pact for the Future" at Arcandor.

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09.10.2008
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Arcandor drafts 'pact for future' with employees

 

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.

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29.09.2008
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Arcandor AG: Sal. Oppenheim jr. & Cie KG aA subscribes to capital increase
 

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.

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29.09.2008
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Arcandor AG strengthens equity base – Supervisory Board approves increase in capital

 

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).

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24.09.2008
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Arcandor Refinancing achieved
 

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.

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13.08.2008
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Arcandor: Nine-month result more than doubled

 

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.

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28.07.2008
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Arcandor successfully concludes disposal of department store real estate

 

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.

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18.07.2008
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Herzberg new Chairman of the Karstadt Management Board

 

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.

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25.06.2008
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Arcandor intends to improve its financial flexibility

 

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.

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06.06.2008
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Change of Management at Arcandor Communication

 

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.

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05.06.2008
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The Arcandor AG success on the Internet
 

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.

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15.05.2008
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Arcandor: Earnings leap by 70% in the second quarter

 

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%.

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23.04.2008
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Arcandor AG secures management continuity

 

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.

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19.03.2008
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49% stake in real estate joint venture Highstreet sold

 

Arcandor AG has sold its 49% stake in the property company Highstreet. The sales agreement was signed on March 19.

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12.03.2008
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Arcandor AG: Euro 200 million cash inflow
Good business trend in February 2008

 

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.

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14.02.2008
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Arcandor's largest division Thomas Cook enjoys strong start to new financial year

 

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.

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30.01.2008
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Arcandor AG: Transformation to tourism and retail group completed

 

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.

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08.01.2008
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Arcandor Trading Statement

 

Group sales for 2007 calendar year up from €13 billion to €20 billion
Group realignment rigorously continued
First Quarter 2007/08:

  • Thomas Cook with good booking figures
  • Primondo increases sales
  • Karstadt makes enormous changes to department store business model

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.

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18.12.2007
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Arcandor AG: – Jump in sales and profits – Strong Q3 2007

 

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.

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13.12.2007
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Thomas Cook Group plc moves up into blue chip index, FTSE 100

 

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.

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12.12.2007
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Arcandor AG is intending to create European department store alliance
 

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.

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05.11.2007
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Arcandor Group to publish figures for short fiscal year 2007 on December 18

 

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.

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