The Kaufhaus des Westens or KaDeWe department store in Berlin, Germany.
Central Group, a majority shareholder in the KaDeWe Group GmbH, the operator of luxury department stores in Germany, has issued a statement about the self-administration insolvency proceedings granted to KaDeWe Group GmbH.
During the course of the proceedings, the existing management team led by Michael Peterseim will remain in office and continue to run the business.
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