The joint venture named Fiege X Log will handle all logistics for Karstadt starting 2020
Essen/Greven, 26 September 2018. Karstadt and the logistics provider Fiege are forming a new logistics company. The joint venture named Fiege X Log will handle all logistics for Karstadt starting 2020. Moreover, Fiege X Log will be able to provide its expertise and services to other businesses in the market in the future.
Karstadt CEO Dr. Stephan Fanderl explains: “Karstadt is evolving successfully into an interconnected marketplace with multiple partners. Through our network of stores, we have 79 supply chain locations based in the very centre of cities, plus a central warehouse. Our new partner, Fiege is a highly-experienced logistics provider with comprehensive omnichannel and fulfilment expertise. With this joint venture, we will be combining the best of both worlds in retail and supply chain services. As a result of this, we will have not only tailored high-efficiency logistics for Karstadt, but in addition we will be able to place this unique experience in the market in future.”
“Our joint venture will support Karstadt in taking charge of their supply chain again and positively surprising their customers with new services”, explains Jens Fiege, member of the Board of Greven-based family business. “Customers expect a smooth buying experience across all channels, which is why we will connect eCommerce, brick-and-mortar retailers and marketplace operations via an omnichannel approach and beyond this, will offer additional innovative services to the end customer. We look forward to setting new standards in retail logistics together with Karstadt.” The new supply chain structure is already being designed for Karstadt. Measures already implemented following modernisation activities – such as the separation of functionalities at the stores into categories like logistics, check-out and sales – are key premises for this. “It was especially important for us to reclaim our logistics which has been outsourced since 2005”, explains Miguel Müllenbach, Chief Finance Officer and Personnel Director of Karstadt. “Managing the logistics for our own locations is a core competency for any retailer which we must and want to master by ourselves.”
The added clout for the new joint venture generated by the large number of inner-city supply chain hubs following the planned merger between Karstadt and Kaufhof would equally benefit non-Karstadt customers.
The incorporation of Fiege X Log and the merger between Karstadt and Kaufhof are currently awaiting approval from the responsible regulatory authorities.