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Where Does Galeria Stand One Year After Its Relaunch? - RetailDetail EU
11 Articles
11 Articles
Breaking sales and profits: The future for the Galeria branches and for the workforce remains uncertain – even one year after the »restart« of the department store chain.
The restart at Galeria has not yet been completed. Twelve months after the end of the insolvency proceedings, the company expresses its opinion on its own situation – and on possible further branch closures.
Essen, Nuremberg - The restart at Galeria has not yet been completed. Twelve months after the end of the insolvency proceedings, the company, which still has a branch in Nuremberg, expresses its opinion on its own situation – and on possible further branch closures.
Where does Galeria stand one year after its relaunch? - RetailDetail EU
One year ago, German department store chain Galeria was able to end its insolvency proceedings and restart under new owners, US investor NRDC and German entrepreneur Bernd Beetz. Is the retailer on track? Turnover ambition adjusted At the relaunch last year, the new shareholders pledged to keep 83 department stores in German city centres open and 12,000 employees on board. Today, the retailer indeed has 83 profitable branches and no new closures…
The process of reconstruction at Galeria has not yet been completed. Twelve months after the insolvency proceedings have been closed, the company comments on its own situation and the possibility of further branch closures.
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