- Advertisement -spot_img
HomeBusinessThe house group were in the wrong location: Galeria, Karstadt, Kaufhof series...

The house group were in the wrong location: Galeria, Karstadt, Kaufhof series includes Department stores

The house group were in the wrong location
Galeria, Karstadt, Kaufhof includes a series of Department stores

Also, the Kaufhof store in Essen is closed. Photo: Alexander Blum/dpa

© dpa-infocom GmbH

For many cities it is the end of an Era: From Hamburg to Fulda Filalen of the Department store Galeria, Karstadt, Kaufhof close. Thousands of people lose their work and the shopping streets are losing diversity.

Galeria, Karstadt, Kaufhof, ernst: After the successful completion of the insolvency proceedings, the German includes house group this week were a number of more profitable branches.

The Kaufhof Department store in Hamburg’s Mönckebergstraße, a time provided for the sale of goods, as well as the Kaufhof in Essen. Further branches in Braunschweig, Germany, Witten, and Fulda will follow in the next few days. How many, exactly, a company spokesman wanted to not give any information.

Overall, the restructuring concept of the group, sees the closure of 40 of the last still around 170 houses were. However, the closure of the affected houses will not come to a shock to some of you to stay for the Christmas business open, and only in January, seal.

The tradition of the house the group were rich in the Corona-crisis-in a massive derail and had to seek salvation in a protective shield procedure. In the course of insolvency proceedings managed debt in the amount of more than two billion euros to shake off. At the beginning of October, he had the insolvency procedures.

For thousands of employees, the reorganization will mean the loss of their jobs. Nearly 130 stores and more than 16 000 jobs will be preserved.

Matthew Velter
Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Must Read

Related News