Overview
- The local court in Gera has opened self-administration proceedings, keeping management in place under court supervision.
- CEO Turpin Rosenthal says a former French partner won a six-figure first-instance award and secured account garnishments, with the judgment under appeal.
- Production continues in Unterwellenborn with about 100 employees, and insolvency pay advanced by the Federal Employment Agency is to be repaid.
- Könitz reports roughly €10 million in annual revenue and capacity of about 300,000 cups per month, serving clients that have included the Louvre and MoMA.
- A creditors’ meeting is scheduled for January 2026 to decide next steps, as reporters place the case within a broader rise in German corporate insolvencies tied to higher costs.