KaDeWe says soaring rents have harmed its profitability despite booming sales KaDeWe Group, which runs the eponymous retailer in Berlin and two other high-end outlets in Hamburg and Munich, has filed for insolvency under self-administration, the corporation announced this week. The company said that while the stores are operationally healthy, it has been “forced” to restructure due to exorbitant rent costs, which “make it impossible to operate profitably.” The group’s sales in the 2022-2023 financial year reached €728 million ($786 million), the highest in its history and nearly a quarter more than prior to the Co
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