Galeria is receiving a new credit line - a new loan of up to €160mn - provided by the US investment firm Gordon Brothers and is secured by Galeria’s inventory. A prerequisite for the approval was a report on Galeria’s financial situation prepared by the management consulting firm AlixPartners. The funds are tied to a three-year restructuring plan, which is now set to be implemented. As part of this, the retailer intends, among other things, to assess which locations are profitable and to negotiate rent reductions and more flexible terms with landlords.