Group in crisis – Galeria: Benko has to close half of the branches

Date:

In the crisis of the German department store group Galeria, the cornerstones of the insolvency plan are now available: instead of the previous 120 branches, there is now a threat of a reduction to only 60 branches. However, a definitive list of closures is not yet available.

The German department store group Galeria (created from the merger of Karstadt and Kaufhof) is now getting to work: As the respected “Süddeutsche” reports, half of its 120 branches have to be closed due to the economic problems.

Clearly less than expected
There should be a discount especially in cities with multiple locations (Hamburg has five Galeria department stores, for example). The company is in self-management insolvency proceedings. The clearcut turns out to be slightly smaller than expected. There are also reports of up to 90 locations being affected.

Retail group is looking for a new top manager
The number of approximately 17,000 employees is still being negotiated. There are interested parties for some locations: The fashion house from Aachen could take over several department stores.

René Benko is looking for a new top manager for his retail group (which also includes the Kadewe Group or Leiner/Kika). The interview is with an Austrian, former Hofer boss Günther Helm.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Patient mistaken – Prague hospital mistakenly performed an abortion

Incredible incident in a hospital in the Czech capital...

Three people injured – Tyrol: cars collided, car fell into stream bed

A total of three people were injured in two...

137 already registered. – Voluntary military service: 257 women registered

A year after the introduction of basic voluntary military...

Tusk speaks of a ‘pre-war’ era in Europe and advocates ‘a common defense’ of the EU borders

Russian President Vladimir Putin has labeled as 'complete nonsense'...