Tag: Department stores
Kaufhof and Karstadt employees fear for their jobs
Dusseldorf, Essen The Verdi union blames the management around boss Miguel Müllenbach for the renewed difficulties at the department store group Galeria Karstadt Kaufhof. “Mismanagement and a lack of investment…
Many micro-entrepreneurs want to give up
Protest of the bakers The future of entrepreneurship is also decided on a small scale. (Photo: IMAGO/Michael Gstettenbauer) The reflexes work quite well in the case of major insolvencies, as…
The biggest construction sites of the renovator
Crisis at Galeria Karstadt Kaufhof The department store group is facing another major renovation, many stores are to be closed. (Photo: dpa) Dusseldorf Galeria boss Miguel Müllenbach prepared the workforce…
The five biggest construction sites of the renovator
Karstadt logo behind a construction site in Munich The department store group is facing another major renovation, many stores are to be closed. (Photo: dpa) Dusseldorf Galeria boss Miguel Müllenbach…
For which consultant fees in the millions are paid
Dusseldorf In the Essen headquarters of Galeria Karstadt Kaufhof, almost nothing works without Arndt Geiwitz’s consent. The official title of the 53-year-old is general manager, appointed by the owner, Signa…
Galeria Karstadt Kaufhof: Subsidiaries also in insolvency proceedings
Galeria branch in Halle The lease for the location expires at the end of January and the sale has begun. (Photo: IMAGO/Steffen Schellhorn) Dusseldorf After the ailing department store operator…
Galeria Karstadt Kaufhof: Subsidiaries also in insolvency proceedings
Galeria branch in Halle The lease for the location expires at the end of January and the sale has begun. (Photo: IMAGO/Steffen Schellhorn) Dusseldorf After the ailing department store operator…
Galeria Karstadt Kaufhof: Subsidiaries also in insolvency proceedings
Galeria branch in Halle The lease for the location expires at the end of January and the sale has begun. (Photo: IMAGO/Steffen Schellhorn) Dusseldorf After the ailing department store operator…
The principle of hope accelerated the decline
Galeria branch in Berlin-Tegel The company did not go through with the restructuring consistently and radically enough last time. (Photo: Reuters) As with the last insolvency proceedings of Galeria Karstadt…
The most important questions about protective shield insolvency
Now managing director Miguel Müllenbach, reorganizer Arndt Geiwitz and trustee Frank Kebekus want to create structures that are sustainable in the long term without further state aid. But after that…
Galeria applies for protective shield insolvency
New logo, old problems Even with new store concepts, the department store chain has not yet been able to generate enough profit. (Photo: GALERIA Karstadt Kaufhof GmbH) Dusseldorf Galeria Karstadt…
Galeria applies for protective shield insolvency
New logo, old problems Even with new store concepts, the department store chain has not yet been able to generate enough profit. (Photo: GALERIA Karstadt Kaufhof GmbH) Dusseldorf Galeria Karstadt…
Galeria wants more than 200 million euros in new state aid
Galeria branch in Bonn The department store chain has again applied for state aid. (Photo: imago images/Marc John) Berlin, Frankfurt, Dusseldorf The ailing department store chain Galeria Karstadt Kaufhof is…
Covenant must allow creative destruction
If you were to start a survey of how many consumers know the “Kaufhof”, that would certainly be a large majority. On the other hand, if you ask consumers when…
René Benko on suspicion of bribery: the allegations of the investigators
Vienna, Dusseldorf The allegations against real estate entrepreneur René Benko weigh heavily. The Austrian Economic and Corruption Prosecutor’s Office (WKStA) is investigating the suspicion that the 45-year-old is said to…
Losses fuel resistance to new government credit
gallery The newly designed Galeria at the Hauptwache in Frankfurt. (Photo: dpa) Dusseldorf, Berlin In view of the high losses of the department store group Galeria Karstadt Kaufhof, voices in…
There must be no subsidies for Galeria owner René Benko
Galeria branch in Cologne The department stores have had financial problems for a long time. (Photo: dpa) The decline of German department stores has been going on for many years.…
Galeria Karstadt Kaufhof: department store chain in “existence-threatening emergency”
Installation of the new Galeria logo in Frankfurt The department store group wants to convert a large part of its branches for the Galeria 2.0 concept. (Photo: dpa) Dusseldorf, Berlin…
Galeria Karstadt Kaufhof: department store chain in “existence-threatening emergency”
Installation of the new Galeria logo in Frankfurt The department store group wants to convert a large part of its branches for the Galeria 2.0 concept. (Photo: dpa) Dusseldorf, Berlin…
Galeria Karstadt Kaufhof terminates the collective agreement with the Verdi union
New logo for the department store chain Galeria The company is struggling against falling sales and rising costs. (Photo: GALERIA Karstadt Kaufhof GmbH) Dusseldorf The department store chain Galeria is…