X-Nico

2 unusual facts about Dawnay Day


Dawnay Day

The liquidator of Hertie claimed the department store chain got into difficulties due to improperly high rent payments to the real estate owners, however as seen in the case of Arcandor's bankruptcy in June 2009, the whole German department store sector experienced severe difficulties during these times.

Dawnay Day has been criticized and opposed for its purchase of 47 apartment buildings in East Harlem where it has attempted to gentrify the area and make rents unaffordable to current poor residents.



see also