Overview
- The Amtsgericht Reinbek revoked Vivanco's self-administration effective July 31 and a court-appointed insolvency administrator, Peter-Alexander Borchardt, assumed control on August 1.
- The formal insolvency covers Vivanco GmbH and Vivanco Gruppe GmbH and follows an earlier self-administered insolvency filing earlier this year.
- Vivanco sold its German consumer-electronics business and the Vivanco brand to Italy’s SBS in March 2025, removing a major source of revenue from the German companies.
- Company reports and coverage say years of losses were driven by heavy price competition, declining brick-and-mortar retail and low-cost online offers, and a planned refocus on retail services failed to stabilize the business.
- The immediate fate of the remaining operations and staff is unresolved, and the administrator’s decisions on restructuring, asset sales or layoffs will determine how creditors and employees are affected next.