2024-06-11 01:13:26
Issues appear to be wanting unhealthy for Weltbild GmbH: The corporate has filed for chapter for the second time.
The core firm of the Weltbild Group has filed for chapter. Weltbild GmbH & Co. KG, primarily based in Augsburg, filed a corresponding software with the native district courtroom, because the courtroom introduced on Monday. The “Wirtschaftswoche” newspaper was the primary to report on this.
In response to the report, it’s at present unclear what the insolvency of the core firm means for the Weltbild Group – an organization spokeswoman initially declined to remark. The Düsseldorf-based Droege Group, which owns the corporate, introduced that every one different manufacturers and investments within the group, “which generate round 80 % of the group’s gross sales,” should not affected by the measure.
The bancrupt Weltbild GmbH & Co. KG, the most important working firm within the group, contains manufacturers comparable to Weltbild, bücher.de, Tausendkind, Paul Valentine, Westfalia, Gärtner Pötschke, Orbisana and Jokers and generated gross sales of round 500 million euros in 2023.
The courtroom appointed lawyer Christian Plail as provisional insolvency administrator. In response to “Wirtschaftswoche”, Plail is a accomplice on the regulation agency SGP Schneider Geiwitz. Arndt Geiwitz is thought, amongst different issues, for the insolvencies of Galeria and Schlecker.
In 2014, Weltbild filed for chapter after the Catholic shareholders – together with twelve dioceses – refused to offer any more cash for the restructuring. The Droege consulting and funding group later took over nearly all of Weltbild.