Overview
- Galeria, which confirmed the funding Wednesday, said the roughly €10 million loan from minority investor Bain Capital is short-term cash support to steady operations.
- Management asked landlords of all 83 stores to delay March and April rent to the autumn, in some cases with interest, and said some halted payments will be repaid.
- Several owners reported missing April rent, including the Berlin Alexanderplatz site held by Commerz Real, and the company says outstanding amounts have been partly settled.
- The retailer warns more stores could close if talks fail and has started precautionary talks on social plans for affected staff at sites with expiring leases.
- Galeria runs 83 stores with about 12,000 employees, restructured after a 2024 insolvency under new majority owners NRDC and Bernd Beetz, with Bain holding a small stake.