Maurizio Borletti

""If Berggruen sees Karstadt as a long-term investment, as he claims, there is no operational reason for the leasehold easements," quotes the Frankfurter Allgemeine Zeitung (from 06 July 2010). What Schleyer now suspects has already been expressed by Maurizio Borletti to Bild (from 22 July 2010). The Italian department store owner is involved in the negotiations about Karstadt's rents as a Highstreet investor. "I believe Mr. Berggruen wants to break up Karstadt and sell it off in pieces." Berggruen wants to pocket the proceeds of up to 300 million euros for himself, which is why he also refuses to guarantee to keep the group together."

"the Italian department store king Maurizio Borletti. Surprisingly, on August 1, he makes an offer for the takeover of Karstadt. It's no secret who is supporting him: Deutsche Bank, also a stakeholder in Highstreet Holding. Though Borletti's empire with the Italian department store chain Rinasscente and the French budget department store brand Printemps has also been shaken, he can rely on the US investor Gordon Brothers for his bid for Karstadt."