Höfner has given an update on its recent bankruptcy filing, stating that “business operations will continue” throughout the administration process. It has also cited the effects of a challenging export market, particularly due to the recent hike in US tariffs rates.
A new press release from the German guitar and bass manufacturer adds some context to the filings, which were made on 10 December 2025. It claims that around 65% of its most recent turnover of €6.5 million was due to export business – hence, when the recent US tariff changes were made and EU businesses faced much higher export costs, this had an outsized effect on Höfner. The company also points towards a generally unenthusiastic market for musical instruments due…