{
  "id": 12109364,
  "title": "Einzelhandel: Galeria-Insolvenzantrag vom Gericht zugelassen",
  "url": "https://urgent.news/2026/10/05/einzelhandel-galeria-insolvenzantrag-vom-gericht-zugelassen-12109364",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T07:58:04.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/deutschland/einzelhandel-galeria-insolvenzantrag-vom-gericht-zugelassen/100259719.html"
  },
  "original_language": "de",
  "account": "The Düsseldorf District Court has approved a preliminary insolvency procedure for the Galeria retail chain. This is evident from a court communication on the Insolvenzbekanntmachungen.de portal. Frank Kebekus, a lawyer, has been appointed as the provisional insolvency administrator. According to the court ruling (Az.: 502 IN 258/26), Kebekus is now authorized to seize bank balances and other claims from Galeria, as well as accept incoming funds. Kebekus had already overseen insolvency proceedings for the group in 2020 and 2022. Will employees receive insolvency payments? Galeria S.à r.l. & Co. KG applied for the insolvency procedure at the Düsseldorf District Court on Friday. This marks the fourth insolvency request for the company within six years. The fate of which locations must be closed remains to be seen. The business at the 83 stores is to continue for now. The approximately 12,000 employees must now worry about their jobs. It is unclear whether they will receive insolvency funds. The Essen District Court has not lifted the supervision plan for Galeria since the last insolvency procedure. In June, a spokesperson for the Federal Agency for Labor said: \"If a company is still under supervision, it can be assumed with high probability that insolvency payments cannot be made again.\" However, the insolvency of the original proceedings must no longer persist. The bankruptcy of each review must, however, be considered individually. New owners since 2024 Just over two and a half years ago, the company, then still named Galeria Karstadt Kaufhof, filed its last insolvency request. Following the precarious state of the then parent company Signa. As part of the insolvency, nine of the 92 stores had to close. Since summer 2024, Galeria has been owned by the US investment company NRDC and a private equity firm belonging to entrepreneur Bernd Beetz. The names Kaufhof and Karstadt have disappeared from the company name.",
  "summary": "Die Warenhauskette steckt erneut in finanziellen Schwierigkeiten. Das zuständige Gericht hat dem Antrag auf Eröffnung eines Insolvenzverfahrens inzwischen entsprochen.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Handelsblatt",
        "title": "Einzelhandel: Galeria-Insolvenzantrag vom Gericht zugelassen",
        "url": "https://urgent.news/2026/10/05/einzelhandel-galeria-insolvenzantrag-vom-gericht-zugelassen",
        "published": "2026-10-05T08:05:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}