German home improvement chain Hellweg files for insolvency

The Dortmund-based home improvement chain Hellweg has filed for insolvency under its own administration, a move confirmed by the company. The District Court of Essen has accepted the filing, allowing the company to continue operations while restructuring.

All 68 Hellweg stores across Germany, along with its online shop, will remain open to customers. This ensures continuity of service and product availability during the insolvency process. The company employs approximately 2,900 people nationwide, with a significant presence in the Rhine-Ruhr region and Berlin.

Employees will receive insolvency pay from the Federal Employment Agency for the next three months, providing a financial safety net during this period. The court has appointed lawyer Stefan Denkhaus as the preliminary administrator to oversee the interests of creditors. Additionally, two lawyers have been brought into the management team as restructuring experts to guide the company through the process.