Leases signed: Aachener fashion chain moves to four Galeria locations

Rental contracts signed
Aachener fashion chain moves to four Galeria locations

The announcement of the closure of dozens of Galeria Karstadt Kaufhof locations continues to resonate as a bang. How is it going with the employees, how with the inner cities? Another fashion chain now wants to step into the breach at four locations, including on Frankfurt’s Zeil.

According to the Aachener fashion chain, it has made preparations for the takeover and continuation of four previous Galeria locations. It is about the Galeria houses in Coburg, Cottbus, on the Frankfurt Zeil and in Nuremberg-Langwasser, said managing director Friedrich Göbel.

Göbel explained that his company had already signed the leases for the four properties. The contracts would become legally effective as soon as the previous tenant had given notice. For a number of other Galeria locations, there are “well advanced negotiations” on leases, Göbel said. These would result in further rentals.

Aachener assumes that by February 2024 between ten and 25 previous Galeria locations can be rented and continued. According to the information, so-called Aachen department stores are to be built on the areas. Göbel wants to announce the concept for this at the beginning of April. All previous Galeria employees would be taken on if they wished.

Galeria Karstadt Kaufhof announced last week that it would close 52 of the last 129 department stores. The company later announced that it would close five fewer department stores than previously planned. Thanks to further concessions by the landlords, the department stores in Bayreuth, Erlangen, Oldenburg, Rostock and Leipzig were retained, said a company spokesman. The number of planned branch closures at Germany’s last large department store group is reduced to 47. The number of continued stores increases to 82.

Aachener currently operates seven branches in Rhineland-Palatinate, Hesse, North Rhine-Westphalia, Baden-Württemberg and Schleswig-Holstein. Göbel was previously the head of the fashion chain Sinn.

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