Overview
- Feneberg filed for a Schutzschirmverfahren at the Kempten district court, keeping management in place under court supervision and with provisional administrator Martin Hörmann named, according to trade reports.
- The regional grocer operates more than 70 locations with about 3,000 employees and reports annual sales above €500 million, with all markets continuing to trade.
- Customers cannot currently redeem vouchers or gift certificates, with the company directing inquiries via email as part of the court process.
- The union ver.di expects store closures and job cuts, rejects wage reductions, and criticizes the company’s handling of staff communication about the filing.
- Restructuring lead Stephan Leibold and advisers from Grub Brugger are steering a turnaround slated through 2026, while creditors have engaged Roland Berger for an investor process and Edeka Südbayern could face losses of up to €30 million, according to the Lebensmittel Zeitung.