Creditors at Galeria Kaufhof decide on a bankruptcy proposal.
During a creditors' meeting, Denkhaus promoted their proposal for a resolution plan. The lawyer cautioned, "Otherwise, the business could be broken up." In January, this department store had declared bankruptcy for the third time within a span of 3.5 years. As a result of the acquisition, 16 out of the remaining 92 locations across the country will be closed. Around 1400 workers' jobs are in danger.
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Source: www.stern.de
