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Galeria Kaufhof secures state insolvency benefits for 12,000 staff after repeat bankruptcy

German department store chain Galeria Kaufhof, in its third insolvency, is set to receive federal insolvency benefits for its 12,000 employees, a decision reportedly made internally. The move extends state support to a struggling retailer, raising questions about fiscal burden and precedent. The development signals continued strain in German retail and potential political debate over state aid.

Die Weltabout 13 hours agoDECredibility 45%View source

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