The de-industrialisation of 🇩🇪 Germany continues this week

🔹Mainzer North Channel Bank, founded almost 100 years ago declares bankruptcy.
(https://www.wa.de/verbraucher/insolvenz-north-channel-bank-deutschland-bafin-kunden-einleger-mainz-folgen-92045865.html)

🔹Zippendorfer Landbrot GmbH bakery 🍞 chain, in business since 1925, now bankrupt. (https://www.chip.de/news/Fast-100-Jahre-nach-der-Gruendung-Deutsche-Traditions-Baeckereikette-muss-Insolvenz-anmelden_184617998.html)

🔹Bicycle manufacturer, Prophete, founded 110 years ago, insolvent. (https://www.soester-anzeiger.de/verbraucher/kunden-flidl-ahrrad-aldi-angebot-insolvenz-tradition-prophete-hersteller-pleite-konsequenzen-zr-92010927.html)

🔹One of Germany's largest nursing home operators, the Convivo Group has filed for bankruptcy. (https://www.msn.com/de-de/finanzen/top-stories/4800-mitarbeiter-betroffen-pflegeheimbetreiber-convivo-meldet-insolvenz-an/ar-AA16GV7V)

🔹Shareholders stop financing brewer 🍺 Jakobiner Bräu sending it insolvent. (https://www.chip.de/news/Naechste-Brauerei-aus-Deutschland-insolvent-Keine-weitere-Finanzierung_184625708.html)

🔹Transmission ⚙️ manufacturer Zimm in Ohorn is subject to provisional bankruptcy.
(https://www.mdr.de/nachrichten/sachsen/bautzen/bautzen-hoyerswerda-kamenz/getriebehersteller-zimm-ohorn-insolvenz-100.html)

🔹 Lighting systems supplier, Bäro is insolvent. (https://lebensmittelpraxis.de/industrie-aktuell/35959-insolvenz-investorensuche-fuer-baero-angelaufen.html)

💠 CEO of the Federation of 🇩🇪 German Industries said 1 in 4 German co.'s is considering moving production to other countries.

💠 German co.'s operating for over 100 years shut down amidst a surge in bankruptcies. (https://www.msn.com/de-de/finanzen/top-stories/4800-mitarbeiter-betroffen-pflegeheimbetreiber-convivo-meldet-insolvenz-an/ar-AA16GV7V)

Wolfgang Grupp, CEO of Trigema. One of Germany's largest textile companies

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