Galeria files for fourth insolvency in six years, tagesschau reports
Germany’s department store chain Galeria has filed for insolvency for the fourth time in six years, according to tagesschau. The report says the future of around 12,000 employees across 83 stores is unclear.
The WORLDIVA newsletter
The most important stories, straight to your inbox. No account needed.
Galeria has again filed for insolvency, according to German news outlet tagesschau. The report describes this as the chain’s fourth insolvency filing within six years.
Tagesschau identifies Galeria as Germany’s last major department store chain, with 83 stores and approximately 12,000 employees.
What happens next for those employees remains unclear, the outlet reports. The supplied excerpt provides no further details about the insolvency proceedings or the future of individual stores.
Original source
- tagesschautagesschau.de
Related stories
DAX returns above 25,000 ahead of US jobs data after closing below key level
Amazon temporarily restores earlier Prime price for longtime customers after German ruling
