Galeria wants to announce buyers soon – ex-Kaufhof owner included?. Galeria Karstadt Kaufhof wants to present a buyer on Wednesday.
US businessman Richard Baker and his Canadian retail chain Hudson's Bay Company (HBC) could win the race. How many Galeria houses would ultimately survive would depend not least on where rents could be reduced to lower levels. There will also be a vote by creditors on the company's plans on Monday evening. The buyer will not pay huge sums for the ailing chain and will not take over all of the branches.