Lambert, the Mönchengladbach-based furniture retailer founded in 1967, has filed for insolvency proceedings under self-administration at the district court. The move comes after declining sales and mounting financial pressures, with revenues dropping from around €11 million in 2023 to below €10 million in 2024.
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The company will remain under current management, now overseen by a court-appointed supervisor, while protection from foreclosures and seizures is in place. Lambert is receiving support from the international law firm White & Case to guide the business through restructuring efforts. Despite leadership changes last December, financial difficulties intensified throughout 2025, reflecting broader challenges in Germany's furniture sector.
Lambert distributes its products through flagship stores in major cities such as Berlin, Munich, and Düsseldorf, an international network of specialised dealers, and its own online shop, which accounts for about 10% of sales.
Source: www.t-online.de
