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How many branches remain remains unclear. Denkhaus spoke of “60+X” and made it clear that the exact number depended on how the negotiations with the landlords ended. Denkhaus and Van den Bossche have stated several times in the past that they believe the rents are too high. “We don’t just pay more than the market rate for the properties that belong to Galeria’s mother Signa,” Galeria boss Olivier Van den Bossche told WirtschaftsWoche a few weeks ago. “How many branches are ultimately retained depends largely on the extent to which the landlords accommodate us.” It is usual that seven to eleven percent of a branch’s sales have to be spent on rent. “We pay significantly more for many locations,” said Van den Bossche a few weeks ago.