Overview
- The company will leave the insolvency procedure on February 28 after creditor approval and confirmation by the Amtsgericht Berlin-Charlottenburg.
- Pepco closed 28 of 64 German locations and reduced its workforce by about 150 to roughly 350 employees.
- Restructuring lead Christian Stoffler will depart, with operations now led by Daniel Blaumann alongside Jorge Gervasi and Ľubica Poláková.
- The shift marks a retreat from earlier expansion goals of up to 2,000 German stores announced after the 2022 market entry.
- Reporting notes Pepco as a possible bidder for Takko Fashion, a scenario linked by Silver Point Capital’s stakes in both companies.