Overview
- Roughly 3,000 employees and about 70–75 stores in southern Germany are affected, though day‑to‑day retail operations continue.
- Feneberg has suspended the redemption of gift cards and vouchers with immediate effect, including VonHier experience coupons.
- Advisers cite persistent losses, heavy pension obligations, structural deficits in the store network and fallout from the Allgäu Fresh Foods insolvency as key pressures.
- The company is reviewing locations for viability, exploring closures or transfers to investors, and media report early investor interest without names disclosed.
- Wages are reported secure during the procedure, and media report insolvency professional Martin Hörmann was appointed as monitor.