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MFO Mattress Owner to Shut All 97 Stores by Year-End After Failed Rescue

The company said a viable restart required investments that were not possible without an investor after outreach to 44 potential buyers.

Overview

  • Matratzen Direct AG will cease operations and wind down its online shop, with final clearance sales running in stores and online.
  • Roughly 300 employees will lose their jobs when the closures are completed by December 31, 2025.
  • The final remaining interested buyer withdrew, leaving the insolvent retailer without a purchaser.
  • The company entered self-administered insolvency in spring 2025 and cut its network from 124 to 97 stores under Annamia Beyer with oversight by Jens Schmidt.
  • Financial filings for 2023 showed €34.4 million in revenue, a €1.2 million loss and an equity deficit exceeding €29 million, with demand hurt by inflation and heating-law uncertainty.