German department store chain Galeria Karstadt Kaufhof (GKK) has filed for insolvency at the Essen District Court, the company announced on Tuesday. Galeria is therefore looking for a new owner. Talks with potential investors have already begun and the aim is to continue Galeria’s operations. Galeria chief executive Olivier van den Bossche said: “Galeria’s operational success is burdened by the framework conditions of the old ownership structure. We expressly see today as a liberating blow.” The press release continues: “The insolvencies of the Signa Group are massively damaging Galeria, hampe…