Galeria Karstadt Kaufhof files for third insolvency since 2020
epa11270216 A person enters the Galeria Kaufhof 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
