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2 clusters · 7 sources · 29 days · First seen about 1 month ago · Last updated 2 days ago

Kodi discounter insolvency and restructuring

Overview

Non-food discounter Kodi Handels GmbH is undergoing restructuring following its application for insolvency proceedings under self-administration in July. The company has confirmed the closure of 19 locations, all situated in North Rhine-Westphalia. Affected cities include Ahaus, Alpen, Bochum-Drehscheibe, Duisburg-Rumeln, Düsseldorf-Oberbilk, Emmerich, Essen-Kupferdreh, Essen-Steele, Gelsenkirchen-Buer, Jülich, Kleve Herzogstraße, Königswinter, Mönchengladbach-Wickrath, Selfkant-Tüddern, Siegburg, Solingen Kirchstraße, Wuppertal-Vohwinkel, Wuppertal-Barmen II, and Zülpich.

Out of its 144 total branches, 69 locations are secured for continued operation, while the future of another 56 stores remains uncertain as negotiations proceed. In Oberhausen, the company stated that the Sterkrade and Schmachtendorf locations are saved, and expressed optimism regarding a solution for the Bero-Center branch.

Managing Director Fabian Grund previously noted that despite challenging circumstances, the company has secured many locations and jobs. The company, which employs approximately 1,200 people, expects to issue terminations to employees at the closing locations following the expected opening of insolvency proceedings in early October.

Entities

Kodi Handels GmbH · Fabian Grund · Kodi · Thomas Wiess-Micheel · North Rhine-Westphalia

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Kodi Handels GmbH will close 19 of its 144 stores. supertipp-online.de · www.kurierverlag.de · www.wz.de
[● 3 SOURCES] The future of 56 stores remains uncertain as negotiations continue. supertipp-online.de · www.kurierverlag.de · www.wz.de
[● 3 SOURCES] 69 stores are expected to remain open. supertipp-online.de · www.kurierverlag.de · www.wz.de
[● 3 SOURCES] The company applied for insolvency proceedings under self-administration in July. supertipp-online.de · www.kurierverlag.de · www.wz.de
[● 3 SOURCES] The 19 closing stores are all located in North Rhine-Westphalia. supertipp-online.de · www.kurierverlag.de · www.wz.de
[● 3 SOURCES] Kodi employs nearly 1,200 people. supertipp-online.de · www.kurierverlag.de · www.wz.de

Timeline

2 days ago

[BUSINESS] 7 sources
Kodi discounter to close 19 stores amid insolvency restructuring
Following insolvency proceedings, discounter Kodi is closing 19 stores in North Rhine-Westphalia, with 56 other locations facing uncertain futures.
about 1 month ago

[BUSINESS] 3 sources
KiK to close 300 stores across Europe in strategic restructuring
German retailer KiK is closing approximately 300 stores across Europe to focus on profitability over rapid expansion, planning to open 75 new locations to replace underperforming sites.

Sources

ikz-online.de · kurierverlag.de · lebensmittelpraxis.de · n-tv.de · nrz.de · supertipp-online.de · wz.de

This summary has been updated 1 time: see revision history