National stonework company based in our homeland faces insolvency - "Deep distress settles in"
Poetschke Files for Insolvency for the Third Time
In a surprising turn of events, the long-established gardening company, Poetschke, has filed for insolvency for the third time. The company, which has been a staple in shopping routines for decades, is currently seeking a new investor to prevent another final collapse.
The insolvency administrator is actively reaching out to potential investors, including private equity firms and strategic investors within the gardening and landscaping sector. However, no specific names have been officially confirmed yet. The company is hoping to find a partner who can provide financial stability and support to restructure and continue operations.
Poetschke has weathered several crises in the past and has been rescued twice before. The company was first saved by the Weltbild Group in 2019, only to file for insolvency again in 2025. The Droege Group took over the company from the brink of final collapse in 2024. Despite these previous rescues, the company finds itself in this predicament once more.
The 138 employees of Poetschke are actively working to ensure the continuation of online trade in plants, decorations, and garden supplies. Customers can continue to order and receive goods despite the ongoing insolvency proceedings. The expansion of the online shop was intended to improve the company's situation, but it seems that more drastic measures are now required.
The insolvency administrator is hopeful that a new investor will emerge who will intervene promptly. Around 110 potential investors have been contacted, but it remains unknown if there will be an investor and whether the Droege Group will be among them.
This news has left around 140 employees fearing for their livelihood. However, the resilience of Poetschke and its dedicated workforce remains unwavering. As updates on the potential new investor become public, we will keep you informed. In the meantime, let's hope for a positive outcome for this cherished company and its employees.
In the process of seeking a new investor to prevent further collapse, the insolvency administrator is reaching out to potential investors from other industries, such as finance and retail business, as well. The new investment would provide financial stability and support for Poetschke to restructure and continue operations in the landscaping and gardening sector.
