Overview
- The Amtsgericht Bielefeld placed Hammer Raumstylisten under preliminary insolvency on January 27, appointing Stefan Meyer of PLUTA as administrator.
- Around 44 of 87 outlets began clearance sales from March 16 to vacate space where no buyer for the Hammer concept was found, with in-store discounts advertised up to 50%.
- Roughly 1,100 employees have wages secured through the end of March via insolvency pay, with job prospects dependent on investor decisions and site re-letting.
- After outreach to more than 300 potential buyers, six bidders remain: two propose continuing Hammer with fewer stores, four plan to repurpose locations and have signaled interest in hiring staff.
- A decision on a viable continuation or site transfers is expected within weeks as proceedings transition to regular insolvency, with stores continuing to operate and serve customers during the process.