Germany's pioneering sex shop chain Beate Uhse said on Friday that it has filed for insolvency, as the empire started by a female Second World War pilot fails to rise to the challenge posed by erotic
e-commerce.
One of Germany's original electronics makers, Loewe, said on Tuesday it had filed for bankruptcy. The household name did voice hope that an investor could come to its rescue.
Are Germans losing interest in tool belts and hammers? One of the country's biggest DIY supply chains Praktiker declared itself insolvent on Wednesday night, with nearly 20,000 jobs now at risk.
German solar panel manufacturer Conergy said it will file for insolvency on Friday, the latest victim of ferocious competition from Asia in the industry.
The insolvency of German drugstore chain Schlecker has also ruined its founder Anton Schlecker, who is said to have lost nearly all of his wealth, according to a his daughter.
The official insolvency procedures of energy firm TelDaFax have begun in a Bonn court, but refunds appear to be a pipe dream for most of the failed utility's 700,000 former customers.
The insolvency administrator for low-cost power provider TelDaFax is seeking to calm fears from customers that their electricity will be immediately cut off. But prepaid customers may end up losing money.
The beleagured high-street department store Karstadt has shown itself to be a more stable business than previously thought, with insolvency commissioners expecting a profit this year.
A US-German investor and the US fashion group BCBG Max Azria are to acquire Karstadt, the famed but financially troubled German department store chain, Karstadt's judicial administrator said Monday.
An investor negotiating to takeover the bankrupt Karstadt department store chain is talking of making 4,000 staff cuts and reducing rental payments at store sites, media reports said on Sunday.
More than 10,000 companies declared insolvency in Germany between January and April this year, official data showed Wednesday, as the global economic crisis hits Europe's top economy harder than most.
