Kaiser's Tengelmann Branches To Be Sold, Layoffs Loom

BERLIN, GERMANY - OCTOBER 17: A Kaiser's supermarket stands at twilight on October 17, 2016 in Berlin, Germany. Kaiser's Tengelmann, the parent company, is set to sell all 450 Kaiser's and Tengelmann stores after talks over a takeover by Edeka failed. The takeover, originally approved of by the German government in an effort to save jobs, was thwarted by a court, and negotiations between Kaiser's Tengelmann, Edeka, competitor Rewe and the ver.di labour union collapsed late last week. Job losses now loom as many of the loss-making branches are unlikely to find buyers. (Photo by Sean Gallup/Getty Images)