Overview
- Amtsgericht Idar-Oberstein ordered preliminary proceedings on January 19, appointing preliminary custodian Annemarie Dhonau to protect creditor interests.
- Operations continue across 104 stores in seven German states and online, with wages for roughly 1,970–2,000 employees secured for three months via insolvency pay.
- Managing directors Michael Fuchs and Michael Edl remain in charge under self-administration, supported by restructuring adviser Marcus Katholing of Pluta Management.
- The company has initiated an investor search aimed at preserving the business and maintaining store operations over the long term.
- Rofu cites a weak Christmas season, restrained consumer spending, higher costs across the value chain and intensifying online competition as the main pressures.