German retail giant files fourth bankruptcy in six years; 11,250 jobs at risk

A major German retail chain has entered its fourth insolvency in six years, with all 83 stores still operating but requiring an estimated €1 billion for maintenance and modernization. The company is seeking a new owner, and 11,250 jobs are at risk. This signals persistent structural weakness in German brick-and-mortar retail, potentially affecting regional economies and supplier chains.