German department store giant Galeria Karstadt Kaufhof said on Tuesday it had filed for insolvency following the collapse of its parent Signa amid a real-estate crisis in the region. Galeria, Germany’s most prominent retailer, said it was seeking a new owner after being hit by the problems at Signa, the insolvent Austrian-based property empire that has become the biggest casualty so far in Europe’s real-estate crisis.
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