Insolvent retail and tourism group Arcandor has received interest in its mail order division Quelle, according to its administrator.
Joerg Nerlich, who is part of the insolvency administration for Arcandor, said that measures would be taken to restructure the unit, including potential job cuts.
Quelle secured a E50m (£43.1m) rescue aid loan from the German government last week, needed to fund its winter season’s mail order catalogue. Department store chain Karstadt has recorded profits in May, June and probably will in July and has a good chance of survival, according to newspaper reports.
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