WirtschaftsWoche

The crisis at German department store chain Galeria is intensifying dramatically, according to WirtschaftsWoche. The struggling retailer, which has already undergone repeated restructurings, insolvency proceedings and store closures in recent years, is reportedly facing another sharp deterioration in its business situation, raising fresh questions about the survival of the traditional chain and the future of department stores in Germany.

Germany's partial legalisation of cannabis is reshaping the young industry, and many start-ups are not expected to survive it. According to WirtschaftsWoche, industry figures predict that a large number of cannabis start-ups will drop out of the market, as legalisation has not delivered the boom many founders hoped for. Heavy competition, regulatory hurdles and cautious consumers are being cited as reasons for expected consolidation.