March 29, 2019
The administrators of Warendorf have confirmed that they have received the first bids from “interested parties” after the premium kitchen brand was put into administration by its private equity owner earlier this month.
Investment firm CoBe Capital, which bought Warendorf – Die Küche GmbH in 2012, cited liquidity problems for its actions in commencing insolvency proceedings in the Münster Local Court in the Münsterland region.
The Münster court appointed Stefan Meyer, from restructuring expert Pluta Rechtsanwalts GmbH, as provisional insolvency administrator.
He said: “We have started the investor process. The first interested parties have already contacted us.
Meyer added: “We are in close contact with our customers and have also held personal talks with customers on site in Warendorf.
“Production of the kitchens is running. Deliveries have been made since Monday March 18.”
When the news was initially announced, Pluta said that the order books were “well filled” and employees “motivated”.
Warendorf – Die Küche GmbH employs about 110 people. Their salaries are guaranteed by the insolvency proceedings.
The distribution company Warendorf Retail GmbH, based in Cologne, has not so far been affected.
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