Insolvency proceedings opened for Galeria – a third of the branches have to worry. The insolvency administrator wants to complete the sale in the next few weeks.
If 60 branches remained after the sale, about one in three would close. Many of the 12,800 employees therefore have to fear for their jobs. The number of branches of the department store chain has halved during this period; there are currently 92 left. How many remain is still open. According to Denkhaus, it will involve taking over at least 60 plus X branches.