Galeria Karstadt Kaufhof's creditors approved the restructuring plan on Tuesday. The new owners can get to work on reviving the department store chain.
German department store chain reaches rescue milestone euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
Retail workers should place no faith in the Verdi trade union, which has once again welcomed a supposed “saviour” for Galeria Karstadt Kaufhof and is actively assisting in imposing redundancies and closures.
Germany s Galeria
Karstadt Kaufhof is to be taken over by a consortium of U.S.
investor Richard Baker and German businessman Bernd Beetz, the
retailer said on Wednesday. The announcement.