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Germany's KaDeWe Group files for insolvency

The KaDeWe Group, which operates the luxury department stores KaDeWe (Berlin), Oberpollinger (Munich) and Alsterhaus (Hamburg), has filed for insolvency. However, the stores will continue to operate, the company told the German Press Agency on Monday. Insolvency proceedings under self-administration have been applied for. The retail company...

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