Farewell to Karstadt and Kaufhof: Galeria Emerges as Sole Brand

Formerly known as Galeria Karstadt Kaufhof, Galeria is undergoing significant changes, with a reduction from 171 to 83 branches. The iconic Karstadt and Kaufhof names are fading into history as part of the company's restructuring.

Following the 2018 merger of rivals Kaufhof and Karstadt, Galeria's insolvency proceedings have been resolved with approval from creditors. New owners, NRDC and Bernd Beetz's investment firm, are at the helm.

The Luxembourg-based parent company, Naboo Holdings S.à r.l., oversees this transformation under CEO Olivier Van den Bossche. Plans include modernizing branches for a more appealing shopping environment.