German furniture manufacturer Himolla Polstermöbel GmbH has filed for protective shield proceedings – a court-supervised restructuring process.
Himolla Polstermöbel GmbH, which is based in Taufkirchen, Bavaria, and employees around 850 staff at its head office and over 2,000 in total, filed the notice at the court in Landshut on 26 June 2026.
Tillmann Peeters, from management consultancy firm Falkensteg, has been appointed as restructuring manager, leading a team of experts, alongside Thomas Ressmann, from DMR Legal, and Arndt Geiwitz, from law firm SGP Schneider Geiwitz, who has been appointed as provisional administrator.
The insolvency is due to challenging market conditions, including weak consumer demand and a decline in sales.
International production sites in Poland, Romania, Slovakia and Hungary will continue to operate as normal and are not directly impacted by the insolvency proceedings, with the company also confirming that all orders will be processed as planned.
Meanwhile, Himolla’s staff based in Taufkirchen are to receive insolvency pay for the months of June, July and August 2026. At this stage, it is unclear on how many jobs will be impacted under the restructuring.
Commenting on the case, restructuring manager Tillmann Peeters said: “Under the insolvency protection umbrella, we have the time and legal safeguards to restructure. Management remains fully capable of acting.”
“The aim of this process is to overcome the market decline and regain our competitiveness,” explains Dr. Manfred Ziegler, Managing Director of Himolla, who is primarily responsible for sales. “We are implementing all orders as planned and remain a reliable partner for the furniture trade, which, as our central sales channel, is our lifeline.”
Tillmann added: “Subsidiaries and locations in Poland, Romania, Slovakia, and Hungary are not directly affected by the insolvency proceedings initiated in Landshut and for Germany. No insolvency applications have been filed for them.
“The application was necessary because the furniture industry across Europe is struggling with weak consumer sentiment, sluggish construction activity, and aggressive price competition from low-wage countries. In recent years, himolla, with its strong brands, high-quality products, and highly motivated team, was able to maintain its market share despite significantly declining sales. Nevertheless, the restructuring measures implemented so far have not been sufficient to offset the revenue losses and the resulting financial losses.
“The workforce has already been informed that their wages and salaries for the months of June, July and August 2026 will be secured through so-called insolvency pay as a restructuring contribution from funds of the employment agency.”
