started · updated
German retail sector faces multiple insolvencies
Several German companies are facing insolvency proceedings due to rising costs and consumer restraint. The discount chain Mäc-Geiz has announced plans to close approximately 60 of its 183 locations, aiming to retain 123 stores and roughly 850 jobs. Creditors are expected to vote on a restructuring plan in December.
In the construction and garden sector, BayWa Bau- und Gartenmärkte, alongside parent company Hellweg, has filed for insolvency. This has triggered clearance sales across 30 locations in Bavaria, with potential closures for 46 sites in Bavaria and Baden-Württemberg affecting around 1,300 employees. While some locations may be taken over by competitors like Hagebau, the investor process remains ongoing.
Additionally, the bakery Bäckerei Moos has applied for insolvency protection, affecting 59 branches and approximately 480 employees. The company, which operates many of its outlets within major supermarket chains like Edeka and Rewe, cites high energy and raw material costs as primary drivers. In the luxury automotive sector, the Düsseldorf-based specialist Capricorn Group has also entered preliminary insolvency proceedings, affecting nearly 500 employees.
Entities
BayWa · Berlin · Bäckerei Moos · Capricorn Group · Halle (Saale) · Halle (Saale) District Court · Kodi Beteiligungs GmbH · Landsberg · Mäc Geiz · Mäc-Geiz · Rüdiger Grommes
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The minijob monthly limit is projected to be 633 euro starting in 2027. www.kurierverlag.de · www.leinetal24.de
- [● 3 SOURCES] The hospitality industry employed 951,078 minijobbers in the second quarter. www.kurierverlag.de · www.leinetal24.de
- [● 3 SOURCES] Employer contributions for full-time staff are currently around 20 to 25 percent. www.kurierverlag.de · www.leinetal24.de
- [● 3 SOURCES] Employer contributions for minijobs could rise to approximately 40 percent. www.kurierverlag.de · www.leinetal24.de
- [● 3 SOURCES] Chi Steinbach operates four cafes. www.kurierverlag.de · www.leinetal24.de
- [● 3 SOURCES] The hospitality industry ranks second in minijob employment, behind retail. www.kurierverlag.de · www.leinetal24.de