2024-08-01 05:50:08
Business
Retail
Companies

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.

n-tv.de
1. August 2024 um 02:54

Only Galeria: The Karstadt and Kaufhof brand names are history - n-tv.de

Economy
Finance
Galeria, formerly Galeria Karstadt Kaufhof; 171 branches in 2020, soon only 83; The Kaufhof and Karstadt brand names are disappearing; Insolvency proceedings have been lifted; Merger in 2018 of the rivals Kaufhof and Karstadt; Insolvency plan approved by creditors; New owners NRDC and investment firm Bernd Beetz; Parent company Naboo Holdings S.à r.l. in Luxembourg; Galeria CEO Olivier Van den Bossche, Galeria travel agencies abandoned; Branches are to be modernized for an attractive shopping..
DER SPIEGEL
1. August 2024 um 04:41

Gallery: Kaufhof and Karstadt company names disappear - DER SPIEGEL

Economy
Finance
Germany's last major department store group Galeria Karstadt Kaufhof has been renamed to Galeria; the company has new owners, the US investment firm NRDC and an investment firm of entrepreneur Bernd Beetz.
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