Nach Insolvenzantrag: Galeria startet Investorensuche

Investors are now searching for a buyer for the insolvent Galeria retail chain, according to sources. The process, overseen by the business consultancy Roland Berger, follows a recent insolvency claim by Galeria. The company's operations at 83 stores continue for now. The former insolvency administrator, Frank Kebekus, plans to conduct an in-depth review of the store network, assessing each store's economic viability.

Employees were informed about this on Friday during a meeting. Kebekus is reportedly negotiating with the US investment firm Gordon Brothers for financing the operational business. Once an agreement is reached, the company's operations and supply chain should stabilize significantly. Gordon Brothers provided Galeria with up to 160 million euros in credit financing in June.

This financing is backed by the company's inventory of Galeria merchandise. The holiday season is crucial for the retail chain to secure new orders with the revenue generated. The general works council expressed cautious optimism after discussions with Kebekus, stating the need for owners who will commit to Galeria both short-term and long-term.

The worker's representation emphasized the need for not just capital, but also innovative cooperation, starting from the owners to the company management. The company employs 11,250 people. Business expert Johannes Berentzen estimates the investment needed for building infrastructure and interior design of Galeria's stores at around one billion euros.

Additional funds will be required for expanding the online presence. The previous owners, the US investment firm NRDC and a venture capital company run by Bernd Beetz, took over Galeria in summer 2024. Trade experts and the union Verdi have repeatedly criticized the previous owners for not investing enough money.