Galeria Emerges Profitable After Restructuring and Ownership Change

The department store chain reports positive financial results for the first time in a decade following its third bankruptcy and a major overhaul.

Galeria reports all 83 of its stores are now profitable, marking a turnaround after years of financial struggles.
The company aims to increase annual revenue by €500 million, targeting €2.5 billion in 2025.
Galeria underwent significant restructuring after filing for bankruptcy for the third time in January 2024, including job cuts and rebranding.
Ownership shifted to a consortium led by NRDC Equity Partners and Bernd Beetz's BB Kapital SA in April 2024.
Co-owner Bernd Beetz describes the company as now being agile and owner-managed, achieving profitability for the first time in a decade.