A major sanitary wholesaler in Germany will be ceasing its business operations. The company’s 230 employees received termination notices at the end of August. The company, Sanitop-Wingenroth, once a flagship business in the region, faced financial difficulties due to unmet sales expectations across various sectors, including DIY and e-commerce, influenced by broader economic trends.
Photo: Dreamstime.
Insolvency administrator Stephan Michels initially expressed optimism about the company’s potential for restructuring, citing its strong operational and logistical capabilities. Despite efforts to find investors, the…
