Protection screen for Kodi: Discounters fight against impending bankruptcy!

Protection screen for Kodi: Discounters fight against impending bankruptcy!

Oberhausen, Deutschland - A well-known discounter company from North Rhine-Westphalia, Kodi, faces a possible bankruptcy. The headquarters, which is based in Oberhausen, plans to protect the 238 branches and to secure the approximately 1,800 employees. The company has been in business since 1981 and offers a wide range of products, including household goods, food and textiles. According to a press release, the specific renovation plan is expected to be presented to the district court and the creditors in spring 2025, such as ruHR24.de reported.

causes of the financial problems

Kodi suffers from the increased purchase of purchase on the part of the customers, which has led to significant sales declines. The combination of an intensive competitive environment and increased costs in the areas of energy, freight and advertising has further tightened the situation. Matthias Schob, managing director of the company, announced that promising approaches to renovate the company are already in the works. The goal is to write back the black, as well as Comee-on.de reported.

The protective shield procedure, which was introduced in 2012, allows companies to protect themselves from insolvency and continue their business under the supervision of restructuring experts. At Kodi, the management remains in office and is advised by external experts, while business operations continue without restrictions. However, the company emphasized that the financial situation remains critical and that timely measures are essential to avert bankruptcy.