the labor minister has urged caution. >> karstadt is not over the hill yet. now you have a real chance to get the company back on its feet. >> and to prove its worth. >> the new karstadt owner plans to invest 70 million euros in the chain. for now, no layoffs are planned. the retailer is set to derga facelift. a new look will draw more customers through their doors. >> we spoke earlier with our political correspondent and asked him why it took so long for the landlords to agree to reduce the rent. >> it took them a long time because the negotiations have been incredibly complicated. they have involved a large number of groups. there were various groups of creditors being represented and the trade unio. ey all had to ree to the insolvency plan. if you remember, the plan was already agreed to and then there were new demands so it had to be renegotiated. they have been insistent on the issue of rent being lowered. there is a very simple reason for that, during the liquidity squeeze that karstadt got into in recent years when they were losing money badly, the old