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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

Surviving Insolvency in Germany’s Industrial Wholesale Market Praktiker was a household name in Germany, generating annual sales of around three billion euros and employing some 20,000 people. As the third-largest player in the market, the company accounted for 12% of total sales. You can read our four-part story here.

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