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Feneberg Enters Protective Shield Procedure to Restructure as Operations Continue

The southern German grocer begins a court‑supervised review of its store network, pausing voucher redemptions.

Overview

  • The Kempten-based retailer filed for a Schutzschirmverfahren that keeps more than 70 stores open and wages paid for about 3,000 staff during the in-house restructuring.
  • Management cites sustained losses, high pension liabilities, structural weaknesses in the branch network and fallout from former unit Allgäu Fresh Foods.
  • Turnaround specialist Stephan Leibold has joined the leadership, with law firm Grub Brugger guiding a plan targeted for completion in 2026.
  • Locations will be evaluated for viability, with possible closures or transfers of individual stores or groups to investors under consideration.
  • Customers cannot redeem gift vouchers for now, and Edeka Rhein‑Ruhr stresses there is no link to its Marktkauf or trinkgut operations in NRW.