Overview

• Pepco Germany GmbH applied for a Schutzschirmverfahren at the Amtsgericht Berlin-Charlottenburg to initiate a court-supervised restructuring.
• Existing management remains in office and Gordon Geiser has been appointed preliminary administrator to guide the turnaround.
• All 64 German outlets will stay open and around 500 employees will receive insolvency pay during the proceedings.
• The insolvency filing was driven by sustained operational losses and structural challenges within the store network.
• Dutch parent Pepco Group has pledged financial support to secure the subsidiary’s restructuring and long-term viability.