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The owner of Germany’s best-known luxury department stores, Munich’s Oberpollinger and Hamburg’s Alsterhaus, has struck new lease agreements for both properties, sources familiar with the matter told dpa on Friday. The rental agreements, struck with the bankruptcy administrator for the former owner of the buildings, are expected to allow both stores to remain open and operating, according to the KaDeWe Group, which owns both stores. Employees at the stores were informed of the deals on Friday morning, dpa has learned. The agreement is also accompanied by about 40 job cuts, which will particula…

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