NRW discounter Kodi before bankruptcy: rescue plan is pending!

NRW discounter Kodi before bankruptcy: rescue plan is pending!

A big discounter from North Rhine-Westphalia, Kodi, faces a possible bankruptcy and has therefore applied for a protective shield procedure to cope with its financial difficulties. The company, with its headquarters in Oberhausen, runs around 238 branches across Germany and employs around 1,800 people. According to ruHR24.de Plant Kodi, which is expected to be developed in spring 2025 the creditors are presented.

The causes of the tense financial situation are diverse. Both increasing energy costs and a significant purchase of buying customers have led to significant loss of sales. This was reinforced by the already difficult competitive situation in retail. According to come-on.de , the company has been suffering from a decrease in sales. led.

One last attempt to save

The protective shield procedure, which was introduced in 2012, is intended to enable companies to restructure themselves without immediate insolvency. The management remains in office and is supported by restructuring experts. Andreas Schob, Managing Director of Kodi, has already announced that promising approaches to improve the financial situation should be presented shortly. Despite the financial challenges, business operations are continued in all 238 branches, and the wages of the employees are secured for the time being.