Overview
- A months-long investor process ended without a bid for the operating company, and only the Eterna name was sold to an undisclosed buyer.
- The creditors' committee approved the wind-down, with operations in Passau set to cease by summer 2026 though no final date was announced.
- Retail stores are closing with clearance sales underway in several regions, and some reports cite June 30 as a possible last sales day that has not been confirmed.
- The Passau court appointed Lucas Flöther as administrator, and creditors have been asked to register claims by April 23, 2026.
- Job losses are extensive, with about 400 roles at the Passau headquarters and media citing roughly 900 employees overall, while a union reports 240 positions at risk and about 100 ending immediately.