At the end of October, the restructuring proceedings at the district court in Hamburg were opened as planned, the company recently announced. According to the announcement, this proves that “the restructuring that has begun has been successful so far and is supported by the insolvency court”.
In order to be able to position itself for the future, several “unprofitable branches” will probably have to close. We are currently in talks with the landlords regarding this. In many branches where a reduction in rents might not be achieved, the contracts have already been terminated, which also affects the employees.
The group has not yet announced how many locations are involved.
