Overview

• Revenue fell by about 8 percent in the 2023/24 financial year following a nine-million-euro loss in the prior year.
• Mäc Geiz has shrunk its store network from 263 to roughly 220 outlets as it struggles to remain solvent.
• The March 2024 sale of sister chain Pfennigpfeifer removed a crucial cross-financing cushion for the discount retailer.
• Thomas Lanik has a history of interim management at struggling firms, some of which ended in insolvency.
• Executives have so far failed to attract a buyer and have not ruled out further closures as they seek a path to stability.