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US businessman among bidders for bankrupt German mall chain, WiWo reports

The investment firm of US businessman Richard Baker is among the two remaining bidders for Germany s most prominent department store chain Galeria Karstadt Kaufhof, business outlet.

US Businessman Among Bidders for Bankrupt German Mall Chain, WiWo Reports

US Businessman Among Bidders for Bankrupt German Mall Chain, WiWo Reports
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German store Karstadt insolvency procedures underway – DW – 04/02/2024

The insolvency bid aims to allow the ailing department store chain to break free of its owner, Austrian real estate giant Signa, which collapsed last year and itself filed for insolvency.

Bankrupt German department store chain in talks with new investors

Ailing German department store chain Galeria Karstadt Kaufhof has begun insolvency proceedings in a court in the western city of Essen, with negotiations with new potential investors ongoing. The court opened the proceedings on Monday but announced the move via press release on Tuesday. Lawyer Stefan Denkhaus is to continue as insolvency administrator for the troubled retail firm. He had previously served in that role on a provisional basis. With the opening of the proceedings, Denkhaus will now

Galeria sale down to last two candidates - RetailDetail EU

German department store chain Galeria Karstadt Kaufhof has started the final round of the takeover process with two remaining candidates.

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