Overview

• Onygo, acquired by entrepreneur Frank Revermann in early 2024 after Deichmann’s exit in late 2023, filed for self-administered insolvency at the Hamburg District Court on June 3.
• The Hamburg court opened preliminary insolvency proceedings on April 22, allowing Onygo to retain management control under court supervision.
• The process covers 23 stores nationwide—including two in Hamburg—and puts roughly 150 jobs at risk.
• Onygo’s leadership is negotiating lease terms with landlords to secure market-aligned rents that could keep stores operational.
• Final determinations on closures and the chain’s longer-term prospects are expected in the coming weeks.