Overview
- The Mannheim court ordered preliminary self-administration, leaving management in control under the oversight of a court-appointed supervisor.
- More than 300 employees are affected, with the works council and the NGG union urging full transparency and job safeguards.
- The recent sale of the Karamalz brand and production to Veltins did not restore liquidity, prompting the filing.
- Provisional supervisor Thomas Oberle cites liquidity shortfalls linked to Russia-related sales declines and stresses stabilizing production and supplier and customer relationships.
- Restructuring chief Frank Reifel outlines a shift from pure beer brewing to a broader beverage strategy, alongside an active investor search described as showing early promise.