The Real supermarket chain has been plagued by financial worries for a long time. Parts of the company were sold. Management has now filed for bankruptcy for the remaining 62 branches.
The Real supermarket chain could soon be a thing of the past. As reported by “Wirtschaftswoche”, among others, the company filed for bankruptcy at the district court in Mönchengladbach on Friday. According to the magazine, the aim is to achieve self-administration in which the management remains on board.
Supermart chain Real files for bankruptcy – 5,000 employees affected
The insolvency could open the last chapter for the crisis-hit company. According to consistent reports, almost 5,000 employees are currently working in 62 self-service department stores and recently generated sales of around one billion euros.
Crisis – that was actually always the norm at Real. Founded in 1992 as a subsidiary of the “Metro” group, the company attracted attention through negative headlines rather than through offers from the turn of the millennium at the latest. The parent company repeatedly tried to improve the supermarket chain’s structures by restructuring – ultimately in vain.
In 2018, the “Metro” group sold Real to an investor, a number of branches had to close, and finally the lawyer Sven Tischendorf bought what was left of Real in the summer of 2022. A few months later, the company was transferred back to the London-based private equity firm SCP.
With attempts such as renaming the chain to “Mein Real” and reactivating the advertising slogan “Once there. All in,” management hoped for an upswing and the opportunity to sell the company to a strategic investor. But there was obviously no interest in that.
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In the coming weeks, a new attempt will be made to sell the company, according to “Wirtschaftswoche”, whether as an overall package or as individual branches. The first step is to stabilize business operations.
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Source: Stern
