Overview

• Matratzen Direct AG filed for insolvency in self-administration on March 31, 2025 at the Cologne district court.
• About 300 positions will be eliminated as the company winds down its German retail network.
• The firm approached more than 40 potential buyers, including 44 cited by the company, before the last remaining suitor withdrew.
• A final clearance sale is under way in stores and online, with closures expected by the end of the year.
• The business previously restructured in 2017 and reported an uncovered deficit of over €29 million at the end of 2023 as demand weakened.