Overview
- The company is being broken up in insolvency, with formal proceedings underway and the business now in wind‑down.
- The central non‑food unit has been sold to the Hamburg‑based Wünsche Group, and the administrator says talks continue for the remaining non‑food and food operations.
- Roughly 48 to 50 employees have been dismissed, leaving the long‑time staff without jobs as the firm closes its Sprinkenhof offices.
- A March bid to restructure under self‑administration failed, a process in Germany that lets a firm try to fix its finances while managers stay in charge under court oversight.
- Insolvency administrator Nils Krause cites supply‑chain snags, higher freight and logistics costs, and shifting orders from large discount retailers as key reasons the margins collapsed.