Opti-Wohnwelt Group, which manages a network of 41 furniture stores in Germany, has faced serious financial problems. The company, one of the country's top 20 furniture retailers, recently declared insolvency and filed for self-administration at the Schweinfurt District Court. The court approved the application and appointed attorney Stefan Debus as guardian.
Opti-Wohnwelt Group, operating since 1979 and owned by the same family since its foundation, is trying to find a solution to the crisis. According to managing director Oliver Föst, the decision to go self-managed was a difficult but necessary step amid economic challenges.
The company, which expanded significantly in 2021 by acquiring 20 new stores, has not been able to achieve the expected success from this expansion. Despite a sales volume of 220 million euros in 2023, Opti-Wohnwelt could not withstand the economic pressure.
Now the company is working on the development of a viable reconstruction concept. According to the latest statement dated August 6, 2024, there is positive news for suppliers and customers. The agreement with the central regulator euro delkredere has provided financial support for suppliers and customers, which allows for the continuation of operational activities. The company strives to remain a reliable partner in difficult times, providing competitive prices for furniture and stable financial conditions for its partners.
