Trouble in Paradise: The Threat of Bankruptcy for Entrepreneur René Benko

Trouble in Paradise: The Threat of Bankruptcy for Entrepreneur René Benko

Is entrepreneur René Benko threatened with bankruptcy? The insolvency administrator Arndt Geiwitz would be ready. Geiwitz from Ulm became known through his work on the bankruptcy of the Schlecker drugstore chain. His spectacular cases also include the ongoing difficulties at the Galeria Karstadt Kaufhof department stores, from which René Benko wanted to form a successful … Read more

State aid for Karstadt and Kaufhof: CDU economic council warns of further credit

Justus Haucap had already guessed it. “The structural problems of Galeria Karstadt Kaufhof are likely to persist even after the pandemic,” said the former President of the Monopolies Commission when WELT asked him in January about his assessment of state aid of 460 million euros. It’s that time of year again. The department store group … Read more

Handelsblatt Morning Briefing: CDU fetish “black zero”

– Good morning dear readers, if you read what the CDU is currently publishing about Helge Braun, “their” minister in the Chancellery, one might think that the man is a “submarine” of the Greens or the Social Democrats in the vicinity of Angela Merkel. The party-internal criticism fell on the trained doctor so unanimously and … Read more

Clear cut at Galeria Karstadt Kaufhof – economy

At least 62 Kaufhof and Karstadt branches will be closed. These include locations in Berlin, Hamburg and Munich, but also in many smaller cities. The closings affect around 7,500 employees. – There is a clear cut at Galeria Karstadt Kaufhof: Management and employee representatives have agreed on a social plan. After that, at least 62 … Read more

Galeria Karstadt Kaufhof: bankruptcy proceedings opened for chain store

It’s a formality – and yet it means fear for many employees: the bankruptcy proceedings of the department store chain Galeria Karstadt Kaufhof have been opened. Now creditors can file their claims. Photo series with 12 pictures – The Essen Local Court has ordered self-administered bankruptcy proceedings for the Galeria Karstadt Kaufhof department store chain … Read more

Insolvency proceedings opened for Galeria Karstadt Kaufhof

It’s a formality – and yet it means fear for many employees: the bankruptcy proceedings of the department store chain Galeria Karstadt Kaufhof have been opened. Now creditors can file their claims. Photo series with 12 pictures – The Essen Local Court has ordered self-administered bankruptcy proceedings for the Galeria Karstadt Kaufhof department store chain … Read more

Agreement with Verdi: every second Karstadt delicatessen remains

The department store group Galeria Karstadt Kaufhof has to flee under a protective shield. Every third department store will close. Around 50 of 50 branches remain in the delicatessen division. But there could be more. The union Verdi has agreed with Karstadt Feinkost GmbH on a social wage agreement. “At least 26 branches have been … Read more

Corona store dies? C&A, Tally Weijl & Galeria Karstadt Kaufhof close branches

More and more companies affected – These companies have to close branches: – The Swiss company Tally Weijl also has to save – and probably close many shops. According to the industry service ‘Textile Industry’, the company needs millions of loans to survive the corona crisis. The savings plans provide for the closure of hundreds … Read more

These businesses are affected by closings

More and more companies affected – These companies have to close branches: – The Swiss company Tally Weijl also has to save – and probably close many shops. According to the industry service ‘Textile Industry’, the company needs millions of loans to survive the corona crisis. The savings plans provide for the closure of hundreds … Read more

Which shops have to close now

More and more companies affected – These companies have to close branches: – The Runners Point running shoe chain closes all branches. The retail group Foot Locker, to which Runners Point belongs, will completely remove the brand from the market. “All branches will be closed,” said a spokesman for the US company. This also applies … Read more