A German family-owned furniture manufacturer based in Sonnefeld, Bavaria, has filed for insolvency, the company announced in a press release. Founded in 1955, the business has been managed by the Mäusbacher family for three generations and employs 125 people.
© Sergii Gnatiuk | Dreamstime
The insolvency will be handled under self-administration, allowing the company, Mäusbacher Möbelfabrik GmbH, to continue operations while restructuring. According to the announcement, employee salaries are guaranteed through insolvency benefits, and production and deliveries remain “fully secured.” Managing Director Marco…