Galeria follows Signa into bankruptcy

2024-01-09 17:05:39

After the holding company and Signa’s real estate subsidiaries, the German trading subsidiary Galeria is also insolvent. 15,000 jobs are shaky.

What had been feared since real estate investor René Benko’s Signa Group began to falter in November happened in Germany on Tuesday: the department store chain Galeria Kaufhof Karstadt, or GKK for short, had to file for bankruptcy. It’s the third time in four years…

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