Hechingen, July 1, 2024. The Sternenbäck Group from Hechingen has filed for insolvency under self-administration. The Hechingen District Court then ordered the preliminary proceedings on May 23, 2024.

A restructuring team from RSM Ebner Stolz consisting of Jan Hendrik Groß and Lutz Maschlanka is supporting the bakery group in the proceedings. The court appointed lawyer Prof Dr Martin Hörmann from Anchor Rechtsanwaltsgesellschaft mbH as the preliminary administrator, who will oversee the proceedings in the interests of the creditors. The aim is to ensure the continued existence of the company and to secure jobs. Business operations will continue in full as part of the self-administration.

The Sternenbäck Group is a German company in the bakery industry with a long tradition that goes back to the 18th century. The company currently operates 123 branches in 5 federal states and three production sites in Gera, Spremberg and Hechingen. The Sternenbäck Group currently employs around 1,000 people.

Trigger of the crisis

The reason for the application is the changed market environment for raw material and energy prices, which have recently affected the competitiveness of the Sternenbäck Group. In addition, the bakery industry is currently confronted with rising staff costs and changing customer behavior. The resulting cost increases pose major challenges for large bakeries such as the Sternenbäck Group.

Administration: Prof. Dr. Martin Hörmann, Nadine Mayer

Self-administration and legal support: Jan Hendrik Groß, Lutz Maschlanka, Vincent Tiepold, Carolin Göb-Jungclaus, Sabrina Giersberg, Kai Elfering, Guido Glörfeld