GERMANY ECONOMY KARSTADT KAUFHOF

HAN MB 2024. 4. 11. 05:57
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Galeria Karstadt Kaufhof files for third insolvency since 2020

epa11270226 A suspended construction site of Austrian real-estate firm Signa Holding at the back of the Galeria Kaufhof 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. Signa, which was founded by Benko and holds the Galeria Kaufhof department store chain, filed for insolvency in November 2023. EPA/HANNIBAL HANSCHKE

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