{"id":88505,"date":"2025-01-31T08:23:26","date_gmt":"2025-01-31T08:23:26","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/german-furniture-industry-in-jeopardy-major-players-facing-insolvencies-and-selloffs\/"},"modified":"2025-09-19T09:03:32","modified_gmt":"2025-09-19T09:03:32","slug":"german-furniture-industry-in-jeopardy-major-players-facing-insolvencies-and-selloffs","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/german-furniture-industry-in-jeopardy-major-players-facing-insolvencies-and-selloffs\/","title":{"rendered":"German furniture industry in jeopardy: Major players facing insolvencies and selloffs"},"content":{"rendered":"

<\/span>At the start of 2025, Germany's furniture industry is experiencing significant distress, with insolvencies and acquisitions reshaping the sector. The latest developments include the financial struggles of Vivonio Group\u2019s subsidiaries Staud and Leuwico, the insolvency of Loddenkemper, and the takeover of the Porta Group by Austrian retail giant XXXLutz.<\/p>\n

Vivonio Group: Historic brands in distress<\/strong><\/h3>\n

Two of Vivonio Group\u2019s well-established furniture brands, Staud and Leuwico, have entered insolvency proceedings. Staud, a premium furniture manufacturer based in Bad Saulgau with a 371-year history, faces possible bankruptcy by February if an investor is not secured. Known for its high-quality bedroom furniture and sliding door wardrobes, Staud has been struggling to meet payroll for its 150 employees.<\/p>\n

\"The German furniture market is in decline, affecting manufacturers like Staud due to a concentrated buyer market and the need for greater efficiency in production and logistics,\" said Dr. Dietmar Haffa, the company's provisional insolvency administrator.<\/p>\n

Meanwhile, Leuwico, a specialist in office furniture and command centers, continues operations at its Meeder plant but is also urgently seeking an investor to stabilize its business. The company\u2019s 100 employees are hoping for a resolution within the first quarter of 2025.<\/p>\n

Loddenkemper: Another historic brand at risk<\/strong><\/h3>\n

Loddenkemper, a well-known furniture manufacturer from Oelde, filed for insolvency in November 2024 after unsuccessful restructuring efforts. The company, which has been active in the furniture industry since 1889, is now undergoing insolvency proceedings in Osnabr\u00fcck, with cost-cutting and sales-boosting measures underway.<\/p>\n

Despite support from key suppliers and creditors, the company\u2019s 185 employees, who have been receiving insolvency benefits since mid-November, face an uncertain future. Talks with potential investors continue, but a clear path forward remains elusive.<\/p>\n

XXXLutz acquisition of Porta Group: Growing market concentration<\/strong><\/h3>\n

In a move that could further consolidate Germany\u2019s furniture retail sector, Austrian retail giant XXXLutz has announced its takeover of the Porta Group, a family-run company with around 140 locations in Germany, the Czech Republic, and Slovakia. The deal, which includes brands such as M\u00f6bel Boss, Asko, and M\u00f6bel Letz, is still pending regulatory approval.<\/p>\n

Jan Kurth, Managing Director of the Associations of the German Furniture Industry, warned that the acquisition could have severe consequences for competition. \"If this purchase goes ahead, the already high concentration in the German furniture trade will increase to a threatening level. Medium-sized manufacturers have faced growing pressure from retailers for years and are forced to make ever greater concessions.\"<\/p>\n

Kurth called for a thorough antitrust review at both the German and European levels, citing concerns about market dominance, reduced product diversity, and increased pressure on suppliers.<\/p>\n

VDMA lowers production forecast for 2024<\/strong><\/h3>\n

The challenges facing the furniture industry are mirrored in the woodworking machinery sector. The VDMA (German Machinery and Equipment Manufacturers Association) has revised its production forecast for 2024, anticipating a 15% decline to \u20ac3.6 billion, following a record \u20ac4.2 billion in 2023.<\/p>\n

\"Initial market momentum was not sustainable, leading us to downgrade our forecast,\" stated Dr. Bernhard Dirr, Managing Director of VDMA Woodworking Machinery. Weaker demand in the construction and furniture sectors has dampened investment in new technology. However, orders for standard machines are beginning to recover, suggesting a potential stabilization in 2025.<\/p>","protected":false},"excerpt":{"rendered":"

At the start of 2025, Germany’s furniture industry is experiencing significant distress, with insolvencies and acquisitions reshaping the sector. The latest developments include the financial struggles of Vivonio Group\u2019s subsidiaries Staud and Leuwico, the insolvency of Loddenkemper, and the takeover … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":68338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nGerman furniture industry in jeopardy: Major players facing insolvencies and selloffs - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/german-furniture-industry-in-jeopardy-major-players-facing-insolvencies-and-selloffs\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German furniture industry in jeopardy: Major players facing insolvencies and selloffs - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"At the start of 2025, Germany's furniture industry is experiencing significant distress, with insolvencies and acquisitions reshaping the sector. 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