Overview
- The 14‑storey Berlin showroom, billed as Germany’s tallest furniture store, is shutting after 117 years.
- CEO Albert Türklitz cites pandemic‑accelerated online buying, subdued discretionary demand, higher energy bills and hiring challenges as decisive factors.
- A clearance sale offering around 30% off has drawn long lines, with one day’s takings exceeding the entire month of November.
- Management aims to liquidate roughly €12 million in inventory by the end of March 2026.
- All 115 employees are set to receive severance payments totaling in the millions, and the building is planned for conversion to apartments and commercial space.