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Galeria Achieves Profitability Across All Stores One Year After Insolvency

The chain has 83 profitable stores under joint leaders Tilo Hellenbock, Christian Sailer focusing on partnerships, store modernisation in the face of weak consumer demand

Overview

  • Since July 2024’s insolvency exit, Galeria reports all 83 outlets are profitable with no further closures planned
  • In spring 2025, co-leaders Tilo Hellenbock and Christian Sailer succeeded Olivier Van den Bossche and are overseeing a headquarters move to Düsseldorf
  • Twenty stores have been modernised since summer 2024 with four more slated this year and shop-in-shop partnerships brought in with Decathlon, Lidl, Snocks and Copenhagen Studios
  • Co-owner Bernd Beetz has set a mid-term revenue vision of €2.5 billion to be reached within two to five years
  • Industry experts warn that weak consumer spending and an estimated decade-long €20 million per-store investment backlog will continue to challenge the chain’s recovery