The ailing department store group Galeria Karstadt Kaufhof wants to close three fewer branches than recently planned. This emerges from internal information from Thursday, which is available to the German press agency dpa. Accordingly, the Regensburg am Neupfarrplatz, Dortmund and Bremen locations can be continued. An agreement was reached with the landlords. The information was signed by the outgoing Galeria boss Miguel Müllenbach, among others.
Germany’s last large department store group had to seek rescue again in a protective shield procedure at the end of last year and is currently in a restructuring process. In the end, 44 of the 129 branches should be closed. After the agreement with the landlords, there are now 41 branches on the list of closures. The insolvency proceedings have not yet been completed. (dpa)