Wednesday, 8 July 2026
REWE Group, the self-administration of Feneberg Lebensmittel GmbH and LEH-Allgäu GmbH have signed an investor agreement setting out a proposed long-term solution for Feneberg’s retail network following the retailer’s insolvency proceedings.
Feneberg Lebensmittel GmbH entered self-administered insolvency proceedings on 1 April 2026.
The agreement provides a framework for the future operation of a substantial proportion of Feneberg’s 72 stores by LEH-Allgäu and REWE Group. The transaction remains subject to merger control approval and must also be implemented through an insolvency plan requiring approval from the company’s creditors. According to the parties, the court-appointed creditors’ committee has already approved the proposal.
The companies said the objective is to preserve the long-term operation of the stores, maintain employment and support local food retail provision across the Allgäu region and southern Germany.
Under the proposed arrangement, employees transferring to stores operated by REWE Group are expected to retain their existing employment contracts. LEH-Allgäu also stated that it intends to continue the employment contracts of staff working in the stores it will operate.
The parties said the agreement is intended to provide a long-term future for the Feneberg business while supporting regional economic development and maintaining local food retail services.
The transaction will not be completed until it receives approval from the relevant competition authorities and creditors under the insolvency process.
