
AI-generated summary
Galeria Karstadt Kaufhof is in financial difficulties and has filed for bankruptcy. The company is fighting for its survival in the highly competitive retail sector.
Galeria is saved for the time being, but the substance is missing. Now the insolvency administrator has to find new owners with equity in three months.
Galeria is saved for the time being, but the substance is missing. Now the insolvency administrator has to find new owners with equity in three months.
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The Federal Employment Agency has approved insolvency benefits for Galeria employees in 83 branches, which will secure operations in the short term. But the crisis is deep: goods can no longer be sold, and many things are subject to retention of title. Experts see a lack of trading strategy among owners as the cause.