Madeleine Schickedanz

Madeleine Schickedanz ( born October 20, 1943 in Nuremberg, Germany) is a German shareholder. The only child of Grete (1911-1994) and Gustav Schickedanz (1895-1977), the founder of the former (until 1999 ) Source mail order company, currently holds a pool of shareholders 24.55% of the shares of Arcandor AG (formerly Karstadt Quelle AG ) which had to file for bankruptcy on June 9, 2009.

Life

Madeleine Schickedanz came in 1943 in the bomb shelter of the Nuremberg Hospital for Women in the world. She is the only daughter of her parents. Schickedanz first attended the elementary school in Hersbruck. After school Schickedanz began studying business administration in Munich. You broke it off after two semesters and married her first husband in 1965 Hans -Georg Mangold, who came from their neighborhood. Mangold made ​​in a row in the group of family and career had to leave the group management in 1973 after separating from Schickedanz. Her second husband Wolfgang Bühler ( born 1932 ), son of the former AEG CEO Hans Bühler, left abruptly after the divorce in 1997, the company's management. Schickedanz took their entrepreneurial interests in the consolidated over decades never directly even true. In an interview Schickedanz said it had always been engaged in the company, "but never worked in the company ." In Arcandor Supervisory she represented her last third husband Leo Herl. Schickedanz sat in any body of the Group, including their own Madeleine Schickedanz asset management did not lead itself

The couple usually lives quietly in Fürth. Schickedanz has four children, two each from their marriages with Hans -Georg Mangold and Wolfgang Bühler. After her daughter Caroline had overcome a leukemia after seven years of treatment, founded Schickedanz 1990, the Madeleine Schickedanz Children's Cancer Foundation. From 1994 to 2009 she was Honorary Consul of Greece.

Forbes magazine estimated her wealth in 2008 to $ 3.9 billion, making it one of the richest Germans. In 2009, the estimate was reduced to one billion dollars. The insolvency of Arcandor AG their assets continued to shrink. According to information the Karstadt / Quelle Schickedanz family share package of July 2009 was worth another 27 million euros. The Luxembourg Oppenheim has granted a three-digit million loan that is fully secured by assets that are affected directly or indirectly by the insolvency of Arcandor AG Madeleine Schickedanz. Schickedanz feared the loss of their assets when the banks call the loans due. On the day of the Arcandor insolvency Madeleine Schickedanz had to be treated in intensive care due to a collapse.

In June 2009, the news magazine Der Spiegel, by Schickedanz called into life Foundation for children with cancer devouring huge sums for their administration reported. From a donated € only 29 cents would benefit the actual purpose. The foundation later denied this and stated that if it were advertising expenses.

End of June 2009 it was announced that Schickedanz had lost considerable influence on Arcandor. Reason was that Martin Dedi had previously resolved ( from the branch of the family of her half-sister Louise ) the pooling agreement with Schickedanz. Schickedanz looked for the sale of a block of shares worth 6.5 million euros still 21.53 % of the insolvent trading group. New principal shareholder was the Oppenheim holding company.

In July 2009, Schickedanz opened in Hersbruck the department store Schickedanz in which it owned and mortgaged to the banking house Sal Oppenheim as collateral property. Shortly thereafter, she made nationwide headlines after she had declared to the Bild am Sonntag, she had to severely limit now and save where they can:

" When the rescue of Arcandor fails and the banks call the loans due, I lose everything - houses, stocks, investments in other companies. I would get not even bond with my 66 years. [ ... ] We live 500 to 600 euros a month. We also buy at discount stores. Vegetables, fruit and herbs we have in the garden. "

In September 2009 it was announced that Schickedanz holds interests in Nuremberg ICN Immobilienconsult, which in its website with 2008 sales "in the double-digit million euro range " generated by his own admission, and to 2009, residential or business buying property prices of up to 15 million euros sought as investment properties. Part of the German media concluded from the fact that Schickedanz obviously was significantly wealthier than claimed by itself.

Various sources report that she still has a fortune of 400 million euros.

Schickedanz commissioned for years Josef Esch with the management of their assets. In January 2012, she sued him, Oppenheim and twelve other persons or companies for damages.

In this context, she described, inter alia: Esch have had to pick up her and her husband on 17 October 2008 with a jet of his company Air Challenge. Together with a notary he had Madeleine Schickedanz presented many documents to sign, which she did: documents governing the pledging their Villa Greta in Spain, their villas Müstaila and God Laret in St. Moritz, the holiday villa with boat house on Lake Tegernsee, her parents' house, a 20,000 -square-foot property in Franconia Hersbruck, of office buildings in Hamburg, Frankfurt and Munich; also explanations of the assignment almost their entire remaining assets.