Overview
- The retailer filed for an Eigenverwaltungsverfahren at the Mönchengladbach local court, keeping management in place under judicial oversight.
- Store operations in Jüchen and all German branches continue during the preliminary proceedings with sales ongoing.
- Wages for roughly 700 employees are covered by insolvency pay through January 2026, according to the company.
- A restructuring team led by attorney Prof. Dr. Volker Römermann will work with management on a long-term recovery plan and creditor talks.
- Polo says its Swiss and Austrian units are initially outside the process and remain unaffected.