Thomas Fox
Strategic Concepts & Mechanics
Primary Evidence
"Almost 50 banks and investors are involved in the company rescue. During the dismantling of the Schieder Group, Nicolas Berggruen acquires the foreign trade division. A branch that is already completely established in Liechtenstein and introduced along with the administration into the tax-advantageous climate. Berggruen can build on these stones. Today, they are the foundation of an entire labyrinth of companies. Additionally, through the Schieder participation, Berggruen establishes contact with the restructuring expert Thomas Fox, who will play a significant role in the Karstadt insolvency."
"Thursday, November 18, 2010 Alain Caparros, who has been a new supervisory board member of Karstadt for one month, gives top priority to the search for a new CEO. Currently, Thomas Fox – a temporary solution and Berggruen's confidant – is still managing the business. He is certainly an experienced restructuring expert, but not a specialist for department stores, as he is said to have expressed himself."