Overview
- The company filed its new insolvency petition on January 27, 2026, at the Bielefeld local court.
- Attorney Stefan Meyer of the Pluta law firm was named preliminary insolvency administrator to stabilize operations and assess the finances.
- Operations continue at roughly 87 specialty stores from North Rhine-Westphalia to Saxony, with pay secured for three months via insolvency benefits for about 1,100 to 1,200 employees.
- Management cites technical failures in goods supply that led to sales losses and a liquidity shortfall, and it says those issues have largely been resolved.
- A structured M&A search for investors is underway, which Meyer describes as demanding given the short time since the parent group’s 2025 collapse and the prior restart.