Overview
- The company filed for a Schutzschirmverfahren at the Kempten district court, with law firm Kanzlei Gruber Burger guiding the process.
- Management will assess roughly 70 supermarkets for viability, with closures or sales to investors under consideration.
- Feneberg employs about 3,000 people in a footprint concentrated within 100 kilometers of its Kempten headquarters.
- Stated pressures include ongoing losses, heavy pension obligations, structural issues in the store network, and fallout from former subsidiary Allgäu Fresh Foods' insolvency.
- Local reporting frames the case as part of a broader rise in insolvency proceedings across Germany’s retail sector.