Severin Tatarczyk stated that there has been another insolvency at Galeria Kaufhof. He advocated for putting an end to the recurring scenario and explained that the department store model in its current form is likely outdated, aside from a few exceptions in the premium segment. https://t.co/VdDl4AKSjU #Insolvenz #GaleriaKaufhof #Einzelhandel (translated)
Galeria Kaufhof has once again filed for insolvency, marking the fourth insolvency in six years, and forces many of the 12,000 employees in the 83 department stores to worry about their jobs due to a disastrous financial situation and significant sales declines. #GaleriaKaufhof #Insolvenz #Wirtschaftskrise (translated)
