Business

Large retailer insolvent after more than 30 years: chain closes all branches

A major retailer has filed for bankruptcy and is closing its stores. Around 700 employees are about to be laid off.

Dortmund – A well-known office supplies retailer will gradually disappear from Germany. Numerous branches in all federal states are closed.

company Staples
founding 1985
Locations including Dortmund, Essen, Duisburg, Cologne, Hamburg

Large retailer insolvent after more than 30 years: chain closes all branches

According to data from Spiegel the “Staples” office markets are said to be on the verge of collapse just four months after the Hamburg office supplies retailer OfficeCentre Gmb filed for insolvency (more Service-News bei RUHR24)

“Despite an intensive search, an investor who is able to continue the business operations of the company, which specializes in the sale of office supplies, could not be found in the long term,” explains the insolvency administrator Sven-Holger Undritz.

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According to earlier information from the insolvency administrator, the company was the largest stationary retailer of office supplies in Germany with around 700 employees, 50 branches of the “Staples” brand and an online shop.

But now the company should withdraw from the market and sell the remaining goods in the branches. On May 1, the bankruptcy proceedings became loud mopo.de opened. Another company, which had to close due to insolvency, is said to be making a comeback.

Retailer bankrupt after more than 30 years: No interest from investors

Since then, more than 120 potential investors have been approached and negotiations have been held with several. According to information, however, no offer was made for a long-term continuation of the “Staples” markets. “I very much regret that we were not able to attract any investors to the company,” said Undritz.

Staples currently has 50 branches in Germany, 17 in NRW alone.

© Hanno Bode / Imago

The employees are said to have fought for three months with the management for a restructuring. However, the company is not completely out of the world. The former “Staples” wholesale division, which belongs to the French company Lyreco and operates under the name Lyreco Advantage, is spared from the OfficeCentre insolvency.

List of rubrics: © Imago/Christian Ohde

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