Lambert GmbH, a long-established furniture retailer from North Rhine-Westphalia, has filed for insolvency under self-administration. The company, which has been trading since 1967, operates six stores across Germany in Munich, Hamburg, Düsseldorf, Berlin, Frankfurt, and Cologne, as well as an outlet in Mönchengladbach and a store in Zollikon, Switzerland. Lambert employs around 70 staff and generates approximately ten percent of its revenue through online sales.
© Lambert
Sole managing director Ole Franke is overseeing the proceedings, with the international law firm White & Case acting as insolvency administrator. The process allows Lambert to continue operations while attempting to restructure and protect its branches.
The insolvency comes amid broader challenges in the German furniture sector. Sales at manufacturers fell 7.4% in 2024 to €16.4 billion, while retailers experienced declines of six to eight percent. Rising living costs have reduced household spending on furniture, and lingering effects from the pandemic, when many consumers renewed their interiors, have further softened demand. The number of insolvencies in the industry has risen above 230, marking a ten-year high, reflecting the sector's ongoing financial pressures.
Source: www.ruhr24.de
