Brauerei Wolters files for insolvency

Brauerei Wolters has filed for self-administered insolvency at the Braunschweig District Court, the company announced. The Hofbrauhaus Wolters GmbH cited ongoing weak sales and sharply rising costs as the reasons for this step. The brewery aims to fundamentally restructure its business operations and achieve economic recovery.

The German beer market saw its steepest decline since reunification last year. According to the Federal Statistical Office, sales fell six percent from the previous year to 7.8 billion liters. This figure is significantly lower than in the pandemic years of 2020 and 2021. Wolters stated it is also affected by these market trends.

Despite the insolvency filing, the company assured that business operations would continue under increasingly challenging economic conditions. Wages and salaries for all employees are secured, according to the statement. In a self-administered insolvency, the existing management remains in office and leads the restructuring process, overseen by a court-appointed administrator.