Overview

• Hellweg has announced the closure of at least seven more stores, including confirmed shutdowns in Hanau and Münster.
• The closures are part of a strategic plan to focus on profitable locations, described internally as a 'liberating move' to address market challenges.
• The company is nearing the completion of a refinancing agreement with banks to stabilize its financial position.
• Failed takeover talks with Rewe have led Hellweg to terminate its purchasing partnership and seek new business alliances.
• The Baumarkt industry continues to face declining sales, driven by post-pandemic economic shifts, rising energy costs, and inflation.