Feneberg fights for survival with drastic cuts and a 130-point rescue plan
Feneberg, the Allgäu-based food retailer, is grappling with severe financial difficulties. The company has yet to bounce back from the insolvency of its butchery division, Allgäu Fresh Foods (AFF), and now faces a loss in the tens of millions of euros in its latest financial report. Without immediate action, its survival remains uncertain.
To avert insolvency, Feneberg has rolled out a 130-point recovery plan aimed at returning to profitability by 2026/27. The strategy includes closing or selling unprofitable branches and reducing staff numbers. Ten stores have already been transferred to Edeka Südbayern, with further locations—spanning from Lake Constance to the Allgäu region and into Austria—under review for possible sale or closure.
The company also plans to downsize its headquarters and streamline administrative processes. Managing director Amelie Feneberg has emphasized the need for swift and decisive measures to stabilize finances. However, the situation remains critical: if Sparkasse Allgäu withdraws a €4.8 million credit line, Feneberg's future could be in serious jeopardy.
Feneberg currently operates 73 branches, but further closures or transfers are likely. The success of its restructuring efforts will determine whether the company can secure its long-term position in the market. Without improvements, the risk of insolvency will persist.
