Einzelhandel: Galerias neuer Insolvenzantrag – Wie geht es jetzt weiter?

Galerias has filed a new insolvency application, raising questions about the future of the chain. The process was initiated by Düsseldorf's Amtsgericht (502 IN 258/26), with Frank Kebekus appointed as the provisional insolvency administrator. Kebekus, who has previously overseen insolvency proceedings for the group in 2020 and 2022, will now assess whether there are grounds for the insolvency proceedings and if the costs can be covered by the company's assets.

This marks the fourth insolvency application for the company within six years. The company's fate remains uncertain, with no decision expected anytime soon. The ongoing supervision period does not automatically mean that Galeria employees will not receive insolvency benefits, according to labor expert Gregor Thüsing. The outcome depends on whether the company regains its general ability to pay after the insolvency proceedings conclude in 2024.

If not, employees may have to rely on existing funds, investors, or other financing methods to maintain their salaries. The company has not yet confirmed whether it will cover employee salaries in the coming months. Despite the insolvency application, Galeria has maintained its operations in its 83 stores, and the management has assured employees that their paychecks will be secured for the coming months.