Insolvency at Galeria Karstadt Kaufhof: Now many more branches must be closed

From 2020, Galeria Karstadt Kaufhof GmbH had to save itself under the protective umbrella of the state. 40 branches were closed at that time. In October 2022, bankruptcy was again filed and CEO Miguel M├╝llenbach announced that approximately one-third of branches are expected to close. As “t-online” now reports, this number seems too low. We are now talking about up to 90 branches. The company, which is handling the insolvency itself and is trying to restructure itself, is also planning layoffs for operational reasons.

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