After Insolvency Application: Galeria Gets Important Credit - "Clearly More Room for Manoeuvre"
24 Articles
24 Articles
Galeria is again insolvent. High rents and falling property values exacerbate the crisis. Why now also owners, banks and funds come under pressure.
Christmas loan (temporarily) saves Galeria from the axe - RetailDetail EU
The struggling German department store chain Galeria has signed a major financing agreement with the American retail turnaround firm Gordon Brothers. The loan ensures that the store will be stocked for the crucial end-of-year period, but at what cost?
Good news for Galeria! The insolvent department store chain from Düsseldorf draws new hope in the fight against insolvency.
Westfalenpost
Westdeutsche Allgemeine ZeitungThe Company has provided financial leeway through the agreement on a "mass loan" with a US investor.
A U.S. investment company lends a loan to the struggling department store company, which saves the Christmas business.
The Galeria department store chain has been going downhill for a long time and is currently insolvent again. The Christmas business is supposed to show that it can also go up. Now there is good news.
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