Kodi fights for survival: planned protective shield procedure is imminent!

Kodi fights for survival: planned protective shield procedure is imminent!

The discounter Kodi, with its headquarters in Oberhausen, faces a threatening bankruptcy and wants to prevent the closure of his 238 branches. The company, which has been offering a wide range of household items, food and textiles since 1981, has reacted to the alarming sales figures and is planning a so -called protective shield procedure. This was necessary by a “significant purchase of purchase” of customers and severely increased operating costs, such as energy and freight, which have led to a significant loss of sales, such as Ruhr24 reported .

A renovation Plan is to be developed with the protective shield procedure, which will be presented to the responsible district court of Duisburg and the creditors in spring 2025. This procedure enables the management to remain in office and to take the necessary measures with the support of restructuring experts without having to carry out immediate closings. The Kodi employees can thus build on the securing of their wages and salaries, while the business continues without restrictions, according to the information from wdr .

The Kodi responsible are currently optimistic that the company can reverse the negative tendency and find it back into the profit zone. For Kodi, the need to react early on to impending bankruptcy has a top priority to secure the entire workforce and the existing branch network.