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YT Industries Files for Self-Administered Insolvency to Secure Investment

Insolvency in self-administration gives YT Industries control over its restructuring under court oversight to attract investors.

Overview

  • On July 15, YT Industries applied for preliminary insolvency in self-administration at Bamberg District Court to allow management-led restructuring.
  • CEO Markus Flossmann blamed aggressive post-pandemic discounting, overproduction and a key supplier’s quality failures for the financial strain.
  • The company’s global operations, including production, customer service and product development, remain fully operational.
  • Lawyer Jens Lieser was named preliminary insolvency administrator and act AC Tischendorf appointed as the legal representative.
  • YT is engaged in negotiations with potential investors to secure fresh capital and support its planned strategic reset.