Background
She is the daughter of Gustav and Grete Schickedanz, the founders of catalog retailer Quelle Versand, which was merged with Karstadt to form Arcandor, a company listed in Germany"s Mid Cap DAX stock index until its 2009 bankruptcy.
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Madeleine Schickedanz
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Career
Madeleine Schickedanz interrupted her studies in business economics after two semesters. The pair splits their time between Fürth and Saint Moritz as they wish. Schickedanz has four children, two each from her former marriages to Hans-Georg Mangold and Wolfgang Bühler, both of whom were Quelle managers.
She was the 13th richest woman in the world, and the 142nd richest person in the world, according to Forbes in 2007.
However, as of 9 June 2009, she has declared insolvency after the bankruptcy of her holding company Arcandor. In January 2010, she sold two of her villas in Saint Moritz for 68 million United States dollar to pay down the debt.
In 2014, she sued her former advisor Josef Esch of the Sal. Oppenheim bank for undertaking risky investments.
She was supported in her claim by Thomas Middelhoff.
