Loddenkemper, a furniture brand from Oelde, Germany, has declared insolvency on November 20, 2024. The company, which has been active in the furniture industry since 1889, has attempted multiple restructuring efforts before eventually needing to initiate standard bankruptcy proceedings at the Osnabrück court.
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Loddenkemper’s Managing Director Steffen Urbschat says the current situation is not due to a lack of orders or revenue. However, underlying financial burdens—rooted in historical liabilities—have undermined the company’s stability.
Additionally, the cost structure played a critical role….
