Tag: Insolvency
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…
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…
The great selection in online trading begins
Dusseldorf, Berlin The Otto Group had tried everything to save the subsidiary Mytoys. As recently as February, Otto board member Sebastian Klauke said, referring to the wave of layoffs at…
US authorities are trying to minimize damage after bankruptcy
Silicon Valley Bank The bank, which specializes in financing start-ups, has been controlled by the US authorities since Friday. (Photo: IMAGO/UPI Photo) new York US authorities are working flat out…
Peek & Cloppenburg Düsseldorf seeks rescue in protective shield proceedings
>>iOS Thomas Freude, Managing Director at P&C since the beginning of the year, is also quoted as saying that although the multichannel strategy is being adhered to, the focus is…
Peek & Cloppenburg Düsseldorf seeks rescue in protective shield proceedings
Flagship branch of P&C in Düsseldorf The fashion retailer wants to reorganize itself in a protective shield procedure. (Photo: Getty Images) Dusseldorf The Düsseldorf fashion retailer Peek & Cloppenburg KG,…
Insolvency administrator says all construction sites are “put to the test”
Primus construction site in Bayreuth The care center should be ready by mid-2022. A construction site can still be seen in the screenshot from January 11, 2023. (Photo: Screenshot) Berlin,…
The amazing second life of Bonita
Branch of Bonita The retailer was supposed to be repositioned for a younger target group, but that went awry. (Photo: Bonita) Dusseldorf Not even three years ago, the owners basically…
Russians or Mainzers – who will buy Hahn Airport?
Hahn Airport in the Hunsrueck The regional airport has been in bankruptcy since 2021. (Photo: dpa) Frankfurt The nail-biter at the Hahn regional airport in the Hunsrück continues: two sales…
Galeria Karstadt Kaufhof plans sale of Belgian subsidiary Inno
Inno department store in Liège Galeria expects the sale of the Belgian subsidiary to be in the high double-digit millions. (Photo: Inno) Dusseldorf, Frankfurt According to information from financial circles,…
Galeria Karstadt Kaufhof is preparing to sell its Belgian subsidiary Inno
Inno department store in Liège Galeria expects the sale of the Belgian subsidiary to be in the high double-digit millions. (Photo: Inno) Dusseldorf, Frankfurt According to information from financial circles,…
Galeria Karstadt Kaufhof presents insolvency plan
Closed Galeria branch in Halle It remains unclear how many of the 129 branches will remain in the group. (Photo: dpa) Dusseldorf Galeria Karstadt Kaufhof has taken another important step…
Galeria presents insolvency plan – there is no clarity for creditors
Closed Galeria branch in Halle It remains unclear how many of the 129 branches will remain in the group. (Photo: dpa) Dusseldorf Galeria Karstadt Kaufhof has taken another important step…
Bankruptcy trick is not an option for Bayer
Weed killer containing glyphosate There is still no quick solution in sight for Bayer in the compensation lawsuits in the USA. (Photo: Reuters) Dusseldorf It is still one of the…
Tesla: Merciless growth stress at the US carmaker
We know rampant growth from biology and medicine. For example, with the Babirusa, a deer boar, which is life-threateningly endangered by the growth of its tusks. The tusks can arc…
Tesla and the Risks of Hyper-Growth
We know rampant growth from biology and medicine. For example, with the Babirusa, a deer boar, which is life-threateningly endangered by the growth of its tusks. The tusks can arc…
Munich judiciary groans under lawsuits
Markus Brown After the Wirecard scandal, the former CEO has to answer in court. (Photo: AFP/Getty Images) Cologne On June 25, 2020, Wirecard AG filed for insolvency – shortly afterwards…
Landlords are losing faith in the future with Karstadt and Kaufhof
Karstadt branch on the Zeil in Frankfurt Owner Sahle Wohnen wants to demolish the property and is planning a new building without Galeria Karstadt Kaufhof. (Photo: dpa) Dusseldorf Jan Philipp…
The department store chain is to be restructured
Galeria branch in Berlin The design of the individual houses and the service offered are to be adapted much more flexibly to local requirements in the future. (Photo: Reuters) Dusseldorf…