Insolvency proceedings: Most Hellweg and BayWa branches likely to close
Hellweg and BayWa are giving up their brands. There are possible buyers for 35 of more than 110 markets, talks are continuing for the remaining locations.
The insolvent German DIY store chains Hellweg and Baywa Bau- & Gartenmärkte are being wound up. 35 of their over 110 locations are expected to be taken over by investors, who will assume the sites and employees. The acquisition is subject to certain conditions, including antitrust approvals and final agreements with landlords. The brands Hellweg and BayWa will be discontinued, with the stores being continued by other retailers, with Obi announcing plans to integrate up to 12 of the stores into its network.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
