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2 clusters · 11 sources · 10 days · First seen 14 days ago · Last updated 4 days ago

Hellweg and BayWa hardware insolvency

Overview

The hardware retail chains Hellweg and BayWa Bau- & Garten-Märkte have entered insolvency proceedings in self-administration. The restructuring process is expected to lead to the dissolution of the Hellweg brand because no single investor has emerged to acquire the company in its entirety.

In Germany, the insolvency affects approximately 4,200 jobs. While major competitors such as Bauhaus, Obi, Hornbach, Globus Baumarkt, and Hagebau partners have submitted bids for individual locations, the future of many sites remains uncertain.

In Austria, the impact has resulted in the permanent closure of Hellweg branches in Graz-Raaba and Fürstenfeld. The inventory from these locations is being liquidated through specialized companies and public auctions. Negotiations have continued regarding the potential transfer of other Austrian sites, including Ried im Innkreis, Graz-Eggenberg, Straßwalchen, and Kirchdorf an der Krems, to an investor.

Entities

Hellweg · Hornbach · BayWa Bau- & Garten-Märkte · Fürstenfeld · Linz Regional Court

Timeline

4 days ago

[BUSINESS] 11 sources
Hellweg and BayWa Bau- & Garten-Märkte enter insolvency proceedings
The Hellweg hardware chain is facing insolvency and brand dissolution. Competitors like Bauhaus and Obi are bidding for individual store locations as the company undergoes restructuring.
14 days ago

[BUSINESS] 4 sources
Hellweg hardware stores to close Graz-Raaba and Fürstenfeld branches
Hellweg hardware stores is closing its Graz-Raaba and Fürstenfeld branches in Austria, affecting 44 employees, as part of ongoing insolvency restructuring and investor negotiations.

Sources

apach57.fr · augsburger-allgemeine.de · chip.de · it-boltwise.de · kreiszeitung.de · kurierverlag.de · leinetal24.de · mannheim24.de · merkur-online.de · merkur.de · op-online.de