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Yet another insolvency procedure at Galeria heralds the final phase of the evolution of mid-segment department store chains in Germany, international retail expert Erik Van Heuven warns.
Lidl GB is preparing for a record-breaking Christmas
Lidl GB is preparing for a record-breaking Christmas
German department store chain Galeria is looking for a new owner now that Austrian parent company Signa Holding has collapsed.
German retailer Galeria says it may not pay rent to its owner, the ailing Signa group. That real estate fund looks destined to go bankrupt.