Insolvency proceedings – no end in sight at Schlecker – economy


The insolvency proceedings of the former Schlecker drugstore chain are dragging on. “The current core of the proceedings are still the antitrust lawsuits that are pending at the Federal Court of Justice,” said a spokesman for insolvency administrator Arndt Geiwitz. According to earlier statements, Geiwitz is demanding around 212 million euros in damages from drugstore manufacturers. Schlecker is said to have paid too much for years before the bankruptcy because the manufacturers had agreed. The Federal Cartel Office and the EU Commission have already imposed fines. Geiwitz is now taking civil action against the alleged cartels.

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