Galeria in Food Before the Collapse? Now Give Reason to Hope
6 Articles
6 Articles
The shopping temple in Essen stood before the end. But now there is a new reason to hope, because there is a new source of money.
Sales are weak, the liquidity situation tense. As the Handelsblatt learned, Galeria gets a little relief from the mid-term financing of a co-partner.
Galeria has been struggling with financial difficulties for a long time. But a loan should ensure stability in the current shaky situation. At least in the short term. Is this changing the situation for the Braunschweig branch?
A loan from a shareholder should give Galeria some relief in the currently tense liquidity situation. Nevertheless, there are probably again branch closures in the room. The negative headlines around Galeria do not break down. Again, the department store chain seems to be stuck in a tense liquidity situation. The minority shareholder Bain Capital now grants the group a loan again and gives Galeria some air, as the Deutsche Presseagentur (Dpa) an…
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