Retail: These 33 Galeria stores are under scrutiny
The group, which employs around 12,000 people, filed for bankruptcy for the third time in four years at the beginning of 2024.
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Summary
The group, which employs around 12,000 people, filed for bankruptcy for the third time in four years at the beginning of 2024. The ailing department store chain recently received new loan financing of up to 160 million euros. In the summer of 2024, nine locations were closed.
Furthermore, 33 branches of the department store chain Galeria are checked for their profitability and could be closed. In June, it was already announced that around 30 of the 83 branches are considered endangered. Retail: These 33 Galeria stores are under scrutiny.
In addition, Since all branches have potential for optimization in this regard, discussions with landlords should also be held at the other 50 locations. These locations are part of the list: Baden-Württemberg: Freiburg (Europaplatz), Heilbronn, Mannheim, Offenburg, Singen Bavaria: Aschaffenburg, Bayreuth, Memmingen, Munich (Rotkreuzplatz), Würzburg Berlin: Alexanderplatz, Hermannplatz, Kurfürstendamm, Spandau Brandenburg: Potsdam Hamburg: Eimsbüttel Hessen: Bad Homburg, Limburg an der Lahn Mecklenburg-Vorpommern: Wismar Niedersachsen: Braunschweig, Oldenburg Nordrhein-Westfalen: Euskirchen, Kleve, Cologne (Breite Straße, Hohe Straße, Nippes), Mülheim (Rhine-Ruhr Zentrum), Münster (Salzstraße) Rheinland-Pfalz: Bad Kreuznach, Koblenz, Mainz, Speyer Sachsen-Anhalt: Magdeburg criteria for the selection were, according to Galeria, among other things the rental burden and profitability. “We will look at each location individually and openly,” said Managing Director Tilo Hellenbock.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
The group, which employs around 12,000 people, filed for bankruptcy for the third time in four years at the beginning of 2024.
reliability low1/2 sourcesThe ailing department store chain recently received new loan financing of up to 160 million euros.
reliability low1/2 sourcesIn the summer of 2024, nine locations were closed.
reliability low1/2 sources33 branches of the department store chain Galeria are checked for their profitability and could be closed.
reliability low1/2 sourcesIn June, it was already announced that around 30 of the 83 branches are considered endangered.
reliability low1/2 sourcesRetail: These 33 Galeria stores are under scrutiny.
reliability low1/2 sourcesSince all branches have potential for optimization in this regard, discussions with landlords should also be held at the other 50 locations.
reliability low1/2 sourcesThese locations are part of the list: Baden-Württemberg: Freiburg (Europaplatz), Heilbronn, Mannheim, Offenburg, Singen Bavaria: Aschaffenburg, Bayreuth, Memmingen, Munich (Rotkreuzplatz), Würzburg Berlin: Alexanderplatz, Hermannplatz, Kurfürstendamm, Spandau Brandenburg: Potsdam Hamburg: Eimsbüttel Hessen: Bad Homburg, Limburg an der Lahn Mecklenburg-Vorpommern: Wismar Niedersachsen: Braunschweig, Oldenburg Nordrhein-Westfalen: Euskirchen, Kleve, Cologne (Breite Straße, Hohe Straße, Nippes), Mülheim (Rhine-Ruhr Zentrum), Münster (Salzstraße) Rheinland-Pfalz: Bad Kreuznach, Koblenz, Mainz, Speyer Sachsen-Anhalt: Magdeburg criteria for the selection were, according to Galeria, among other things the rental burden and profitability. “We will look at each location individually and openly,” said Managing Director Tilo Hellenbock.
reliability low1/2 sources
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