Agreement with landlords: Galeria wants to close three fewer branches

The ailing department store group Karstadt Kaufhof Gallery wants to close three fewer branches than originally planned. This emerges from an internal employee information from Thursday, which is available to the German press agency dpa. Accordingly, the Regensburg am Neupfarrplatz, Dortmund and Bremen locations can be continued. An agreement was reached with the landlords. The information was signed by the outgoing Galeria boss Miguel Müllenbach, among others.

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Galeria wants to close significantly more branches than expected

Germany’s last large department store group had to seek rescue again in a protective shield procedure at the end of last year and is currently in a restructuring process. In the end, 44 of the 129 branches should be closed. After the agreement with the landlords, there are now 41 branches on the list of closures. The insolvency proceedings have not yet been completed.

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Crisis meeting of Galeria Karstadt Kaufhof and Verdi on Friday: department store chain is preparing a claim for damages against union bosses

dpa/people