German department store Galeria Karstadt Kaufhof to close 52 branches, 4,000 jobs at risk

News distribution : Galeria Karstadt Kaufhof, an iconic German department store chain, will close down 52 of its 129 stores, as announced on Monday by the group, beset by difficulties for several years. (#1496356)

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Germany's Galeria Karstadt department stores file for bankruptcy

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