Arcandor AG
(
KarstadtQuelle AG
until June 30 2007) (FWB: AROG) is a holding company located in Essen, Germany that operates and oversees a number of companies in the core areas of mail order, department store and tourism. It was created in 1999 through the merger of
Karstadt Warenhaus AG
, which was founded in 1920, and
Quelle Schickedanz AG & Co
, founded in 1927.
In 2005, the corporation had about 68,000 employees and annual sales of €15.5 billion. Its stocks are traded on the Mid Cap DAX. The company's largest store is Kaufhaus des Westens (KaDeWe) in Berlin, while the largest store under the name
Karstadt
is in Frankfurt.
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