Overview

• Galeria has replaced CEO Olivier Van den Bossche with a dual leadership team consisting of COO Tilo Hellenbock and CFO Christian Sailer to streamline governance and drive its turnaround strategy.
• The company credits Van den Bossche’s leadership during its 2024 insolvency and restructuring as critical to its recovery, despite his sudden departure after less than two years as CEO.
• Galeria, now owned by NRDC Equity Partners and BB Kapital SA, has achieved profitability across its 83 remaining stores following extensive restructuring efforts.
• The chain reports a year-to-date operating improvement of over €100 million compared to the previous year and emphasizes its strong financial foundation.
• Under its new ownership, Galeria has relocated its headquarters from Essen to Düsseldorf and converted its legal structure into a Luxembourg-based entity.