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The History and Downfall of a German Wholesale Company “Wollschläger” – Part 4

QYMATIX

On the same day, the provisional insolvency administrator, lawyer Dr Dirk Andres, declared that “despite advanced talks, the investor decided against the takeover at short notice”. Without an investor, Andres could no longer administer Wollschläger GmbH & Co. It had survived a world war, the berlin wall, and the 2009 crisis.

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B2B Wholesale & Distribution in Germany: Insolvency.

QYMATIX

Additionally, internal problems such as management changes and difficulties in decision-making also contributed to the company’s financial troubles. The investor Fischer Group acquired the machines of the insolvent Ludwig Leuchten GmbH in an asset deal in February 2023. You can read our four-part story here.

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