There has been a major change in German department stores. Leadership has transitioned to Galeria Kaufhof, making it one of the leading department stores in Europe. Kaufhof is well known to German ...

The new owners of bankrupt German department store chain Galeria Karstadt Kaufhof plan to keep more than 70 of the chain's 92 branches open, the bankruptcy administrator announced on Wednesday. The ...

Galeria Karstadt Kaufhof, Germany’s only department store company and one of Europe’s oldest and largest department stores will close 52 of the chains 129 stores by the end of the year. It means that ...

The signs were already there. In January this year, Galeria Karstadt Kaufhof, one of Europe’s largest and oldest department store chains, asked for and received 220 million euros of government ...

Hudson’s Bay Co. is shrinking its retail empire overseas — and bagging a bundle in the process. The Toronto-based owner of Saks Fifth Avenue said Tuesday it will net proceeds of $616 million as it ...

“Uncertainty and anger” was how Galeria Karstadt Kaufhof salespeople described their mood when the first protest actions took place in Berlin, Mannheim, Heidelberg and elsewhere earlier in December.

Hudson’s Bay Co. announced on Monday an agreement to buy German department store Galeria Kaufhof, expanding HBC’s international presence. Here’s a look at what Canada’s oldest company is acquiring.

Simply sign up to the Retail sector myFT Digest -- delivered directly to your inbox. Germany’s largest department store chain has filed for bankruptcy protection for the second time in two years, ...

Around 4,000 employees will be affected by the closures, which are planned in two waves - starting in summer 2023. The last large department store chain in Germany, Galeria Karstadt Kaufhof, plans to ...

Hudson’s Bay Co. on Wednesday said it has closed its 2.5 billion-euro ($2.8 billion) purchase of Germany’s Galeria Kaufhof, a deal the Canadian retailer said would boost sales this year by close to 25 ...

FRANKFURT—Hudson’s Bay Co., the owner of Saks Fifth Avenue, said it would buy Germany’s Galeria Kaufhof, combining two storied department-store chains in a deal valued at €2.42 billion ($2.73 billion) ...

At least 6,000 employees could expect to lose their jobs as part of the company's restructuring process. The German chain was hard hit by the coronavirus, with many outlets forced to stay closed.