At the insolvent department store chain Galeria Karstadt Kaufhof, the deadline for interested parties to submit binding offers expired on Friday. However, he will “take any offers received over the weekend with him,” said the provisional insolvency administrator Stefan Denkhaus. He recently stated that there were several interested parties for the last large department store group in Germany. At the beginning of January, Galeria Karstadt Kaufhof slipped into bankruptcy for the third time in just over three years. The imbalance is the result of the bankruptcy of the Signa empire of the Austrian investor René Benko. Galeria had complained that Signa had charged significantly excessive rents for the department store properties. Galeria boss Olivier van den Bossche wants to keep the company with around 15,000 employees and is looking for a new owner
Deadline for Galeria bids has expired – Economy
