2024-06-07 21:02:45
Beforehand it was stated that 16 Galeria Karstadt Kaufhof branches must shut as a result of insolvency. Now there are solely ten.
Throughout the restructuring of the ailing division retailer chain Galeria Karstadt Kaufhof, six branches with a complete of round 500 jobs won’t be closed. Galeria introduced this on Friday in Essen. The insolvency administrator Stefan Denkhaus, along with the Galeria administration, managed to proceed the places in Berlin-Spandau, Cologne (Breite Straße), Mainz, Mannheim, Oldenburg and Würzburg.
Of the 92 branches at the moment remaining, 16 have been initially scheduled to shut on August 31. Now there are ten. Which means that 82 branches will stay. “I assume that the continuation listing is now full,” stated Denkhaus when requested by the German Press Company.
In whole, round 900 jobs will probably be misplaced because of the insolvency. Round 11,900 jobs will probably be retained, defined a spokesman for the insolvency administrator.
“I’m happy that now we have discovered economically viable options for an additional six branches primarily based on subsequent gives from the landlords,” stated Denkhaus in a press release. “We’re significantly happy that now we have reached an settlement, particularly for the affected staff of the six branches and with a view to energetic metropolis facilities.” Which means that round 500 extra jobs will probably be retained at Galeria. Denkhaus expressly thanked the dedicated representatives of the cities and native politicians.
“At this time is a big day for all of us, and one which encourages us to proceed on our path,” defined Galeria CEO Olivier Van den Bossche. “We’re optimistic about the way forward for Galeria with its 82 places.”
Now that six branches are being continued, the next places are nonetheless on the cancellation listing printed final week:
The newest insolvency proceedings are nearing completion. The collectors authorised the insolvency administrator’s restructuring plan on the finish of Could. An vital a part of the plan was the closure of branches at places with excessively excessive rents. The brand new homeowners are to be the US funding firm NRDC and a holding firm owned by the entrepreneur Bernd Beetz on August 1st.