Arcandor files for insolvency

Arcandor, the German retailer that owns the Karstadt department store chain and a 53% stake in UK travel group Thomas Cook, filed for insolvency on the 9 June 2009 after failing to secure state aid.

ESO: Background information: Arcandor steps up its efforts for state aid with €437m plea http://www.europeansources.info/record/arcandor-steps-up-its-efforts-for-state-aid-with-e437m-plea/

BBC News, 9.6.09: Germany's Arcandor in bankruptcy http://news.bbc.co.uk/1/hi/business/8091298.stm

Website: Arcandor AG http://www.arcandor.com/en/index.asp

Deutsche Welle, 9.6.09: Politicians blame managers for Arcandor's plight http://www.dw-world.de/dw/article/0,,4314467,00.html

Arcandor: Press Release, 9.6.09 http://www.arcandor.com/en/presse/6579.asp

France24, 9.6.09: Thousands of jobs at risk as Arcandor goes bust http://www.france24.com/en/20090609-retail-tourism-germany-arcandor-throws-towel-bankruptcy-state-aid

Spiegel Online International, 8.6.09: Arcandor Woes Deepen as Berlin Rejects Aid Request http://www.spiegel.de/international/business/0,1518,629256,00.html

Spiegel Online International, 10.6.09: Merkel 'Didn't Let Herself be Blackmailed by Arcandor' http://www.spiegel.de/international/germany/0,1518,629687,00.html

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