Overview
- The Local Court of Karlsruhe approved the filing on February 24, 2026 and named attorney Holger Blümle as provisional custodian.
- Production, deliveries, and sales continue at 19 locations in Karlsruhe, Pforzheim, Rastatt, and the surrounding region.
- About 200 employees have wages secured through insolvency pay for February to April 2026, with the company stating it is financed for the coming months.
- Management attributes the crisis to energy costs rising by up to 500% since the war in Ukraine, higher prices for grain flours, intense price competition, and a skilled-labor shortage.
- The fourth-generation Reich family remains in place as restructuring specialists Jens Lieser and Alfred Kraus and a Koblenz law firm prepare a Sanierungsplan.