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High rents squeeze Galeria's breath away: Signa collects 50 million euros too much - The Limited Times

By A Mystery Man Writer
Last updated 05 Jul 2024
High rents squeeze Galeria's breath away: Signa collects 50 million euros too much - The Limited Times
High rents squeeze Galeria's breath away: "Signa collects 50 million euros too much" Galeria Karstadt Kaufhof has already gone bankrupt twice since 2020 and has received 680 million euros in state aid. Galeria would be the lone frontrunner if a bankruptcy in three years was to happen. The department store chain's headquarters are also preparing for all eventualities, including a bankruptcy, as well as a possible sale. The mood is not good, people are insecure, but they don't let themselves down, says Galeria boss Philipp Kretzer.
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