What: The fashion chain Aachener, which recently occupied six abandoned Galeria locations, has filed for insolvency due to financial difficulties.

Why it is important: The insolvency raises concerns about the potential for empty buildings in the city centre and the negative impact on the city's image and attraction.

The company has 355 employees and seven locations, including six former Galeria houses. These locations, which were already rented but not yet opened, are in Frankfurt, Saarbrücken, Cottbus, Coburg, Nürnberg, and Leverkusen.

The company's existing stores will continue to operate, and the management is considering a possible timely opening of the former Galeria locations in order to restore the company's financial viability. The provisional insolvency administrator is optimistic about the possibility of restructuring and ensuring the continuation of operations.

Galeria's new tenant, Modehaus Aachener, files for insolvency