Overview

• Company statements confirm a signed agreement transferring Hammer assets to the newly formed Hammer Raumstylisten GmbH backed by the ReThink investor group.
• About 70 Hammer branches are slated to shut, the Schlau wholesale arm will be wound down with stock sold off, and some individual sites could continue under different names.
• Roughly 1,200 positions will be retained at the 93 continuing stores, compared with about 3,900 people employed before the insolvency filing in June.
• The revamped business will emphasize marketing of interior craft services complemented by matching products, and the retained locations are expected to fulfill existing customer orders.
• The full investor lineup has not been disclosed, with GA Europe reported as a possible participant, and negotiations with works councils on social plans and interest-balancing measures are ongoing.