Overview

• Operations will cease by December 31, 2025, with the remaining 97 locations across Germany to shut.
• Roughly 300 employees are set to lose their jobs as the retailer winds down.
• Advisers contacted about 44 potential investors, but the last interested party decided against a purchase.
• A final clearance sale is underway in stores and online to liquidate remaining stock.
• The chain entered self-administration on March 31, reduced its network from 124 to 97 sites, and posted 2023 revenue of €34.4 million with a €1.2 million loss and an equity deficit of more than €29 million.