Karstadt Quelle AG

PROFILE Seems like unification has caught on in Germany, and Karstadt Quelle proves the point. The company is the product of a merger between the country's biggest department store group, Karstadt, and #1 mail-order firm, Quelle. It is best known for about 210 Karstadt and Hertie department stores, but it also runs about 200 specialty stores, including Runners Point (sports apparel), Wehmeyer (apparel), and World of Music. Karstadt Quelle is also a leader in travel services (Thomas Cook AG, a joint venture with Lufthansa) and runs online shopping site My-World. Schickedanz-Holding, owned by the Riedel and Herl families, once owned all of Quelle and now has a 48% stake in Karstadt Quelle.  COMPETITION AVA Allgemeine Handelsgesellschaft der Verbraucher AG (AVA) METRO AG (MEO) Otto Versand Gmbh & Co. (dossier)		FINANCIAL OVERVIEW Fiscal Year-End: December 2000 Sales (mil.): 14,350.00 1-Yr. Sales Growth: (4.0)% Employees: 88,163 Revenue per employee: $162,766.69  KEY PEOPLE • Wolfgang Urban     CEO • Norbert Nelles     CFO  CONTACT INFO Theodor-Althoff-Strasse 7 45133 Essen, Germany Phone: 49-20-17271 Fax: 49-20-1727-5216 Online: Web Site

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