Tag: Department stores
Kaufhof owner Benko gets fresh money from investors
Rene Benko The image of the real estate prodigy has recently cracked. (Photo: Getty Images for Oberpollinger/ ) Frankfurt, Dusseldorf According to company circles, the Signa Group of real estate…
Kaufhof owner Benko gets fresh money from investors
Frankfurt, Dusseldorf According to company circles, the Signa Group of real estate investor René Benko, which is behind the Galeria department store group, has secured fresh equity. The existing investors…
Galeria owner Benko dominates the real estate market with big deals
Rene Benko René Benko’s Signa Holding is currently cleaning up its portfolio. (Photo: Getty Images for Oberpollinger/ ) Dusseldorf The news made people sit up and take notice in March:…
New Galeria boss plans to be operationally in the black for next year
Olivier van den Bossche The new Galeria boss wants to increase sales again this year in the remaining stores. (Photo: Stephan Pick) Eat Just a few days after the end…
Kika/Leiner: René Benko sells furniture chain
Rene Benko His Signa Group took over the furniture chain Kika/Leiner from the Steinhoff Group in 2018 and, according to its own statements, thus prevented insolvency. (Photo: Getty Images for…
Warning house group closes three branches less
Galeria branch in Dortmund The department store is one of the three locations that will not be closed after all. (Photo: dpa) Dusseldorf The department store group Galeria will get…
“The department stores have completely overslept the development”
Michael Otto The owner of the Otto Group laments the increasing monotony in many inner cities. (Photo: IMAGO/SEPA.Media) Mr. Otto, many see online retail as the gravedigger of the inner…
“One must not only see the threat posed by new forms of distribution”
Hamburg Mr. Otto, many see online retail as the gravedigger of the inner city. Is your Otto Group complicit in the death of once-proud brands like Kaufhof and Karstadt?The high…
Galeria owner René Benko is building a luxury department store empire in Europe
Rene Benko The Austrian real estate investor wants to set up a global luxury department store chain with a Thai partner. (Photo: Getty Images for Oberpollinger/ ) Dusseldorf The two…
Galeria owner René Benko builds European luxury department store empire
Dusseldorf The two sides of the trading world of the Austrian billionaire René Benko met unabated on Tuesday at the Carsch-Haus in Düsseldorf. Angry Galeria employees demonstrated in front of…
The biggest loser in the Galeria bankruptcy is the taxpayer
Galeria logo in Frankfurt In the course of the insolvency proceedings, the creditors of the department store company have to waive claims in the billions. (Photo: dpa) Dusseldorf, Essen Ultimately,…
Federal Employment Agency calls for future concept for Galeria Karstadt Kaufhof
Closed branch of Galeria Karstadt Kaufhof In the course of the insolvency proceedings, 47 of the currently 129 department stores are to close. (Photo: IMAGO/snowfieldphotography) Dusseldorf, Berlin The Federal Employment…
Galeria Karstadt Kaufhof gets a new boss
Olivier Van den Bossche The former CEO of Kaufhof will soon be in charge of the department store group again. (Photo: dpa) Dusseldorf The ailing department store operator Galeria wants…
Five branches will not be closed after all
Galeria branch in Leipzig Eat Galeria Karstadt Kaufhof will close five fewer department stores than announced at the beginning of the week. Thanks to further concessions by the landlords, the…
The restart of Galeria is a false start
Galeria branch in Leipzig The department store is scheduled to close on June 30, 2023. (Photo: dpa) In one point, Galeria boss Miguel Müllenbach is probably right: the department store…
Why some Galeria locations can still hope
Karstadt branch at Munich train station The department store operator Galeria has announced that it will close 52 of the 129 locations. (Photo: dpa) Dusseldorf, Essen Galeria’s CEO, Miguel Müllenbach,…
These 52 Galeria branches have to close
Galeria branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt…
These 52 Galeria branches have to close
Galeria branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt…
These branches should be closed
Galeria branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt…
These branches should be closed
Galeria branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt…