On Sept. 1, the Darmstadt District Court opened creditor protection proceedings for the local footwear chain Schuhhaus Dielmann and the sports retailer Sporthaus Robert Hübner. Self-administration was decided for both companies.
The previous managements stepped down from both companies in June with the application of so-called protective shield proceedings. The management of Dielmann was taken over by the retail expert Michael Specht and Georg Bernsau, of the law firm K&L Gates. While Steffen Schneider, of the law firm BBL Brockdorff, and Kristian Schneider were appointed to manage Robert Hübner.
Negotiations with potential buyers are currently underway. Partial takeover solutions are also being examined. Unprofitable locations, especially at Dielmann, will most likely have to be closed. In the meantime, all stores continue to trade. The first results of the talks are expected in the coming weeks, the companies said.
Both companies were in trouble due to the lockdown imposed after the outbreak of the Covid-19 pandemic in Germany and they failed to obtain bridging loans. According to their websites, Dielmann operates 27 stores and Robert Hübner has eight stores.