Overview

• Thomas Lanik has taken charge of Mäc Geiz’s finances and logistics as the company seeks to stem mounting losses.
• Sales fell roughly 8% in the 2023/24 financial year, following a €9 million deficit in 2022/23.
• The chain has already reduced its outlets from 263 to about 220 and is evaluating further closures.
• Efforts to sell the discounter have yielded no buyers, and last year’s sale of sister chain Pfennigpfeifer eliminated a vital financial buffer.
• Under MTH and Lanik’s guidance, the company is weighing more cost cuts and strategic options, but a return to profitability has yet to be defined.