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Drugstore chain: End of Schlecker’s insolvency proceedings not in sight

It was more than nine years ago that the Schlecker drugstore chain went bankrupt. Thousands of employees lost their jobs. The winding up of the company is progressing slowly.

The insolvency proceedings of the former Schlecker drugstore chain are dragging on.

“The current core of the proceedings are still the antitrust lawsuits that are pending at the Federal Court of Justice,” said a spokesman for insolvency administrator Arndt Geiwitz.

According to earlier statements, Geiwitz is demanding around 212 million euros in damages from drugstore manufacturers. Schlecker is said to have paid too much for years before the bankruptcy because the manufacturers had agreed. The Federal Cartel Office and the EU Commission have therefore already imposed fines. Geiwitz is now taking civil action against the alleged cartels. In addition to drugstore items, other cases also concern sweets, detergents and coffee. In total, the insolvency administrator is demanding damages of a good 300 million euros.

Above all, Geiwitz wants to use the lawsuits to ensure that the mass believers and, above all, the Schlecker employees and the Federal Employment Agency can be served.

Schlecker, once the largest drugstore chain in Europe based in Ehingen, Baden-Württemberg, filed for bankruptcy in January 2012. A rescue failed. Thousands of employees, mostly women, lost their jobs. The mass liabilities are a significant three-digit million amount, said the spokesman.

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