Galeria Karstadt Kaufhof files for third insolvency since 2020
epa11270213 Passers-by are reflected in a shop window with the Galeria logo of the department store branch at Alexanderplatz square in Berlin, Germany, 10 April 2024. In April 2024, bankruptcy proceedings were filed for the Galeria Kaufhof-Karstadt company due to insolvency for the third time in just over three years. The Kaufhof-Kardstadt chain, created from the merger of two competing department store chains by Austrian investor Rene Benko in 2019, has been struggling financially since the outbreak of the COVID-19 pandemic. EPA/HANNIBAL HANSCHKE
