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BackDepartment store chain Galeria files for bankruptcy again
Department store chain Galeria files for bankruptcy again
BREAKING
Die Zeit45 minutes agoBusiness1 min readGermanyView original

Department store chain Galeria files for bankruptcy again

The company is filing for bankruptcy proceedings for the fourth time in six years. Business operations continue at all locations.

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Quick Look

  • Galeria is once again insolvent and has filed for insolvency proceedings for the fourth time in six years.
  • Business operations will continue in all 83 branches for the time being.

AI-generated summary

Why It Matters

Galeria has had to file for bankruptcy several times in the past six years.

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Galeria is in bankruptcy again. The company said it filed for insolvency proceedings for the fourth time in six years.

At the same time, the department store chain announced that business operations will continue for the time being. This applies to all 83 branches. Further details were initially not available.

Open Questions

  • What's next for the 83 branches?
  • Are there potential investors?

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This article was originally published by Die Zeit.

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