Overview
- Roughly 66 to 70 Hammer locations will close, while 93 stores continue under the newly formed Hammer Raumstylisten GmbH.
- The Schlau wholesale division with about 60 outlets is set to be discontinued, with stock liquidations and potential sales of some sites to new operators reported.
- A binding agreement has been signed with the ReThink investor consortium, though the full ownership structure remains undisclosed; GA Europe is named as involved.
- The revamped business will emphasize room‑fitting craft services complemented by related retail goods, and retained stores are expected to fulfill existing customer orders.
- Talks with works councils on social plans and interest‑balancing measures are ongoing after Brüder Schlau filed for insolvency in June with roughly 3,900 employees.