Galeria, Karstadt and Kaufhof: swash of the Department store giant wants to save more branches

The hitherto known plans include the closure of 56 stores. Originally, as many as 62 shops should be closed. In the group was, however, warned against excessive

Galeria, Karstadt and Kaufhof: swash of the Department store giant wants to save more branches

The hitherto known plans include the closure of 56 stores. Originally, as many as 62 shops should be closed. In the group was, however, warned against excessive optimism in circles. There is nothing in dry cloths, told the German press Agency.

Severe crisis by Corona-pandemic

Galeria, Karstadt, Kaufhof was the corona closure of all branches of the conditional into a severe crisis and had to look at the beginning of April the rescue in a protective shield procedure. In the meantime insolvency proceedings in self-administration. The district court of Essen was Kebekus as a Trustee. The group expects a result of the pandemic and the following economic downturn by the end of 2022, with a loss of turnover of up to EUR 1.4 billion. Risk of super cells: 80 Liter continuous rain and dangerous Thunderstorms in the afternoon, PCP is a risk of super cells: 80 Liter continuous rain and dangerous Thunderstorms in the afternoon

cba/dpa
Updated Date: 12 July 2020, 05:27

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