Overview
- Profi-Bau- & Gartenmärkte GmbH & Co. KG (Hellweg) has filed for insolvency under Germany’s self-administration procedure and the Amtsgericht Essen accepted the request.
- The court named lawyer Stefan Denkhaus as provisional administrator to monitor creditor interests during the restructuring process.
- Hellweg says it has added two lawyers as restructuring experts to its management team to run the reorganization from inside the company.
- All 68 stores and the online shop will remain open and employees will receive insolvency pay from the Bundesagentur für Arbeit for the next three months.
- The chain operates about 68 markets with roughly 2,900 staff concentrated in the Rhine‑Ruhr region and Berlin, and the supervised process may lead to reorganization, asset sales, or further insolvency measures depending on negotiations with creditors.