Popular confectionery retailer insolvent: 300 branches and 1,200 employees affected by bankruptcy. Arko files for bankruptcy: the next traditional brand after Sportscheck and Galeria goes bankrupt.
The applications to the Norderstedt district court were published on Friday in the official insolvency portal ‘Insolvency Notices’ The reason for the bankruptcy is apparently that the retail sector has been struggling with the poor consumer mood in the country for months. The only thing that is certain is that after the insolvencies of Arko, Hussel and Eilles, other traditional companies in Germany will be affected.