Overview
- Branches in Mainz, Wiesbaden and Koblenz will close by the end of 2025, while the Aachen store will continue under a new owner from 2026.
- Clearance sales started on October 30 under the slogan “Alles muss raus,” the company announced on Instagram.
- Roughly 115 employees are affected, and a social plan has been prepared for staff, according to local reporting.
- CEO Oliver Listmann, 64, says there is no family successor, noting his sons pursued other careers.
- Attempts to sell the business fell through, with the 85,000-item assortment seen as too complex, and the company cited higher costs and changing consumer behavior.