Karstadt Quelle, the big loss-making German retail group, has decided to spinn off its smaller department stores into a separate company and to concentrate on its larger 89 units, stressing high-margin items. In this context, Markus Reinken, 43, extends its purchasing responsibilities at Karstadt’s remaining department store operations from children’s wear and lingerie to footwear and socks. He takes over these responsibilities from Renate Jonszta, who will be in charge of general fashion coordination. The group's shareholders are due to decide later this month on a major equity increase, but while some key shareholders have reduced their stakes, the most important lenders have agreed to support the company until at least the end of this year.