Overview

• The Amtsgericht Gifhorn approved the application and ordered preliminary self-administration for the family-run company founded in 1950.
• External experts were installed, with Dr. Malte Köster named provisional trustee and Joachim Walterscheid acting as general representative for the restructuring.
• Management remains in charge under the self-administration framework, which is designed to keep operations running while a turnaround plan is developed.
• About 220 employees have been informed, with wages initially secured through insolvency benefits.
• Leifert, which runs more than 40 outlets in Wolfsburg, Gifhorn, Braunschweig and Hannover, attributes the filing to weak economic conditions, high energy prices and rising raw material costs.