Overview
- Feneberg entered a Schutzschirmverfahren at the Kempten district court, with Martin Hörmann appointed preliminary custodian and day‑to‑day operations continuing with wages secured for now.
- Creditors have initiated a structured investor or sale process led by Roland Berger, while management continues in self‑administration under Stephan Leibold alongside co‑owner Amelie Feneberg.
- Verdi reports widespread anxiety among the roughly 3,000 employees, expects store closures and job cuts, and rejects wage reductions in the restructuring.
- In‑store voucher redemptions are suspended during the proceedings, with affected customers instructed to register claims through the insolvency process.
- Edeka Südbayern faces potential write‑downs of up to about €30 million from loans and receivables tied to Feneberg, and the chain’s future within the Edeka network remains open.