Warenhäuser: Galeria beantragt zum vierten Mal Insolvenz
Bei dem Händler sind in den vergangenen Monaten die Umsätze nach Handelsblatt-Informationen massiv eingebrochen. Ein 160 Millionen Euro schwerer Kredit soll weitgehend aufgebraucht sein.
Galeria has requested bankruptcy protection for a fourth time due to significant liquidity issues, according to a statement from the company. The German retailer filed the petition with Düsseldorf's Regional Court on Friday morning, outlining that the process aims to "order the current situation, stabilize the company, and create the conditions for a sustainable future."
The company plans to keep stakeholders informed about further developments. Industry sources indicate that this is a restructuring bankruptcy rather than an internal process, with Frank Kebekus proposed as the insolvency administrator. A crisis meeting of the shareholders took place on Thursday evening, followed by a meeting with senior management at 8:30 PM and a workforce assembly at 11 AM.
Galeria was reportedly set to receive a €160 million credit line from US firm Gordon Brothers to facilitate the turnaround, but a significant portion of this funding was already used to settle a loan and pay off rental arrears.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Warenhäuser: Krisentreffen bei Galeria wegen Finanzierungsproblemen handelsblatt.com
