Galeria Karstadt Kaufhof: Insolvency administrator is negotiating with two possible Galeria buyers
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For the insolvent department store chain Galeria Karstadt Kaufhof has received four binding purchase offers. The company now wants to finally negotiate a purchase with two interested parties, said the provisional insolvency administrator, Stefan Denkhaus.
He did not say who the interested parties were. They said they had experience in German retail and were interested in taking over more than 60 stores.
Galeria Karstadt Kaufhof filed for insolvency at the Essen district court at the beginning of January – the third insolvency within three and a half years. The deadline for submitting binding purchase offers expired last weekend. The insolvency administrator recently announced that he wanted to complete the sale in April.
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For the insolvent department store chain Galeria Karstadt Kaufhof has received four binding purchase offers. The company now wants to finally negotiate a purchase with two interested parties, said the provisional insolvency administrator, Stefan Denkhaus.
He did not say who the interested parties were. They said they had experience in German retail and were interested in taking over more than 60 stores.
Galeria Karstadt Kaufhof filed for insolvency at the Essen district court at the beginning of January – the third insolvency within three and a half years. The deadline for submitting binding purchase offers expired last weekend. The insolvency administrator recently announced that he wanted to complete the sale in April.
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