Overview
- Kodi filed for an insolvency procedure in Eigenverwaltung at the Amtsgericht Halle (Saale), and the court ordered preliminary self-administration with Prof. Dr. Lucas F. Flöther appointed as provisional trustee.
- The company says it will need to close roughly 50 of its about 150 stores, a reduction that the management warns will lead to significant job losses.
- Kodi employs roughly 1,200 people and says wages for July, August and September 2026 are covered by Germany’s insolvency pay program, providing short-term payroll security.
- Stores will remain open for now, but the chain has temporarily stopped accepting vouchers while legal and financial consequences of the insolvency are reviewed.
- This is Kodi’s second insolvency since 2024; the parent bought competitor Mäc Geiz in February and that chain also entered Eigenverwaltung in May, underscoring broader stress in the non‑food retail sector.