Overview
- The East German brand filed for insolvency this week, as recorded on the joint federal–state insolvency portal.
- Daily operations continue for now during preliminary proceedings, according to local reporting and company statements.
- Preliminary insolvency administrator Ulrich Luppe has been appointed, and restructuring adviser Nico Kämpfert has been hired to seek investors.
- Management attributes the slump to falling sales, rising costs and weaker demand tied to Germany’s declining births, with 2025 live births estimated at roughly 640,000–660,000.
- Most manufacturing now occurs in Eastern Europe, with end assembly, design and sales in Kretzschau, where reports say only a small team remains.