RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Subscribe
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
thumb
Written by Pauline Neerman
In this article
  • Companies Galeria
  • Geography Germany
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

First takeover candidate already cancels Galeria bid

icon
General23 December, 2022
Galeria

Department store group Galeria Karstadt Kaufhof wants to sell up to ninety of its German locations. This is proving to be not so easy: the first interested candidate has already dropped out.

Unacceptable conditions

Galeria is going through some rough times: the chain had already planned to divest 40 to 45 stores, but this week it has doubled that number – threatening two thirds of its 131 department stores. The company is now awaiting bids from interested buyers. Just to be clear: the group’s Belgian branch Inno will not be affected, sailing an independent (and profitable) course since last year.

Galeria had been in talks with a first candidate since November: Markus Schön, the owner of online retailer buero.de. The entrepreneur showed an interest in 47 shops in small and medium-sized towns and also wanted to take over up to 5,500 employees with him. However, he claims that the conditions have changed, and that they are no longer acceptable. Exit buero.de, then.

Fortunately, Galeria Karstadt Kaufhof did receive another takeover offer in the meantime, German news agency DPA reports. It concerns an as yet unknown candidate, who wants to take over “a number” of branches. How many and which ones are also not known at the moment. The department store group expects to receive further bids over the Christmas period. In January, it would then announce exactly which stores are closing.

Stay up-to-date

Receive our free newsletters and do not miss out on the latest retail news.

Subscribe
logo

German department store group Galeria Karstadt Kaufhof wants to sell up to ninety of its German locations. This is proving to be not so easy: the first interested candidate has already dropped out.

More on General
See more
  • icon
    General2 February, 2023
    Chinese Ochama opens fifty pick-up points in Blokker stores

    Webwinkel Ochama, een dochterbedrijf van de Chinese retailreus JD.com, breidt de samenwerking met Blokker in Nederland uit met afhaalpunten in 50 extra winkels. Later volgen nog meer winkels.

  • icon
    General31 January, 2023
    Non-food director Dieter Struye leaves Colruyt Group

    Dieter Struye is no longer director non-food at Colruyt Group, RetailDetail learns from reliable sources. The top executive had headed the Dreamland, Dreambaby, Bike Republic and The Fashion Society chains since February 2018.

  • icon
    General27 January, 2023
    Action sales grow 30 %, expands eastwards

    Dutch shooting star Action has recorded an impressive 30 % growth in 2022. The non-food discounter is increasingly setting its sights on Central Europe, but existing shops also continued to grow.

Events
  • 16
    Feb
    Captains of Retail 2023
  • 23
    Mar
    Omnichannel & E-Commerce Congress
  • 20
    Apr
    RetailDetail Congress
  • 11
    May
    Fashion & Beauty Congress
  • 15
    Jun
    Human Resources & People Congress
  • 29
    Jun
    Food Congress
Most read
  • icon
    Food24 January, 2023
    Europeans now also allowed to eat cricket powder and small mealworms
  • icon
    Food10 January, 2023
    Makro Belgium now officially bankrupt
  • icon
    Food13 January, 2023
    Carrefour Belgium tests autonomous delivery robot
  • icon
    Fashion16 January, 2023
    False discounts earn Yoox millions in fines
Follow RetailDetail
  • socialFacebook
  • socialTwitter
  • socialInstagram
  • sociallinkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform retailhub, where retailers and their suppliers can experience the future of shopping.
RetailDetail Mailing Address:
Kolveniersstraat 7, bus 26 
2000 Antwerp
Visiting address:
Stadsfeestzaal – Meir 78 
2000 Antwerp
How to reach us:
Directions
© 2023 RetailDetail
general conditions | privacy policy
+32 3 500 89 59 info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT