Gordon Brothers, the global asset experts, provided GALERIA up to €160 million in financing to support the retailer’s ongoing transformation and business realignment. The asset-based facility provides GALERIA with enhanced liquidity and flexibility to execute its comprehensive transformation plan, which focuses on optimizing its store footprint, refining its assortment strategy and improving operational efficiency.
“Gordon Brothers is pleased to provide GALERIA with this €160 million financing facility,” Nick Kitchin, managing director, head of lending and transactions, EMEA at Gordon Brothers, said. “This transaction reflects our expertise in structuring complex asset-based financing solutions around specific requirements to best support retailers like GALERIA.”
