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DPA Published
January 31,长沙U币钱包服务 2025
The search for a new owner for the ailing department store group Galeria Karstadt Kaufhof (GKK) has officially begun. As the company announced on Wednesday, a structured investment process has been launched with the approval of the provisional insolvency administrator Stefan Denkhaus and the provisional creditors' committee. Experienced investment banks have been called in for the process.
"First and foremost, we are addressing potential investors who have an operational interest in Galeria. Our aim is to find a sustainable solution for the department stores that allows for in-depth planning," says Denkhaus.
Potential interested parties should submit a non-binding letter of intent for a purchase with a detailed business plan by February 11. In a second phase, non-binding offers are to be submitted by March 8 at the latest.
Galeria filed for insolvency at the Essen district court at the beginning of January. This is the third insolvency in three and a half years. The aim is to continue the business as a going concern. GKK, which is currently still part of the Signa Group, which is also insolvent, is looking for a new owner. Talks have already taken place. Denkhaus recently stated that there are "more than two" potential buyers.