In Poland, the Pepco logo chain is growing. There are more shops, sales results go up, business is spinning. The German Pepco unit cannot say the same. According to Reuters, he submits a bankruptcy petition for restructuring.
“Pepco Germans submitted a request to initiate proceedings in court in Berlin. The branch runs 64 stores and employs about 500 people. All stores will remain open until further notice” – writes Reuters.
See also: Pepco plans to expand in their known markets. Hundreds of stores will be created
The agency indicates that the company appointed Christian Stoffler as a restructuring director who will supervise this process.
“We see good possibilities of reorganizing the chain of stores in Germany so that it can prosper despite the difficult situation on the German retail market” – said Christian Stoffler in a statement.
Pepco losses in Germany
Pepco announced that its German network from the moment of entering the market in 2022 was struggling with difficulties and now brings losses.
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The-Mattka company, which operates in about 20 countries around the world, has committed to support the restructuring process and ensuring financing in Germany.
The Pepco Group has the most stores in Poland. We are talking about about 1,400 sales points. Romania with a network of 500 stores is in second place, and the Czech market is the third (about 300).
Pepco is a network of retail stores offering a wide range of products at low prices, operating mainly in Europe. He specializes in selling clothing for the whole family, household items, decorations, toys, textiles and seasonal products. Pepco stores are usually located in shopping centers and galleries.
