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 Kaufhof presented the long-awaited list to the supervisory board on Monday, which branches will be closed and which will be continued. According to this, only 77 locations are to be retained in the future, as confirmed by the General Works Council. Among them are top houses like at Alexanderplatz in Berlin, but also branches in smaller cities. The list is available to the Handelsblatt.
Of the 129 houses so far, 52 are to be closed completely. However, it is possible that the respective landlords will still make concessions after the list has been published, so that individual houses could still be saved. It is also not yet clear whether some of the 77 locations that will be retained will be taken over by other retailers or investors.
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