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Pieper to Close Nine Stores as Self-Administered Insolvency Restructuring Advances

Management pursues a leaner network under court‑supervised self‑administration to stabilize the chain.

Overview

  • The chain will shutter nine outlets in the coming weeks, including Essen (Limbecker Platz), Dinslaken (Neutor‑Galerie), Duisburg (Forum), Hamm (Weststraße), Hattingen, Mönchengladbach (Stresemannstraße), Viersen and two in Oberhausen (Centro).
  • After the consolidation, 113 stores will continue trading with about 1,180 square meters less sales area.
  • Roughly 30 employees are affected, with the company saying they will receive offers to move to remaining locations.
  • Chief restructuring officer Sven Pursche says the store network reset creates a viable base as teams work on processes, cost structures and strategic alignment.
  • Pieper filed for self-administered insolvency in November and the court opened the proceedings on February 1, with operations continuing at retained shops and online and pay temporarily covered by insolvency benefits.