We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

No fool

9 December 2005 By Nina Koeppen

The German retailer wants to sell and lease back stores to repay all its debt. The reasoning? Karstadt would then be debtfree. But this isn’t logical. Karstadt would simply have turned financial debt into lease obligations. That doesn t change the economics at all.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)