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Court orders insolvency proceedings for Galeria Kaufhof
Original: galeria kaufhof
A German court has ordered insolvency proceedings for department store chain Galeria Kaufhof, raising questions about what happens next for the retailer, its employees and its stores. WDR reports on the ruling and the immediate outlook for the troubled company, which has been seeking to secure its future in Germany's struggling brick-and-mortar retail sector.
Why now: The court's insolvency ruling is fresh news with major implications for jobs and shopping streets across Germany.
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