Overview
- The Bochum local court ordered a preliminary insolvency in self-administration on Nov. 20, allowing existing management to continue operating under supervision.
- Operations continue without interruption across roughly 120–140 locations in Germany as well as the company’s e-commerce site.
- About 900 employees are affected, with wages covered for three months through statutory insolvency pay.
- Attorney Sarah Wolf of Anchor was appointed provisional custodian, while management is supported by general representative Dr. Philipp Grub and CRO Sven Pursche.
- The company told suppliers they will need to register pre-filing claims once formal proceedings begin, estimated for Feb. 1, 2026, with post-filing orders paid from the insolvency estate.