Overview
- Formal insolvency opened on Jan. 1, and the company could no longer fully cover rents and wages, leading to a halt in operations.
- About 170 employees were furloughed and issued terminations under an interest‑equalisation and social plan negotiated with the works council.
- Inventory clearance at the Schenefeld and Halstenbek warehouses has been completed, and regular sales on the site have stopped.
- Customers are urged to download previously purchased digital items, including video courses, because access is not guaranteed after Feb. 11, 2026.
- No acceptable offer emerged to continue the business, with talks now limited to selling the stoffe.de domain and brand rights after years of losses once covered by a Luxembourg majority owner.