Rywal Action and Tedi will close 60 stores in Germany. It has serious problems

Mäc Geiz is undergoing bankruptcy proceedings, planning to close around 60 of its 180 stores due to economic challenges and changing consumer behavior. The company aims to restructure and stabilize financially, with a creditor vote on a restructuring plan expected in December 2026. Despite the closures, approximately 850 employees will retain their jobs, and the company intends to expand its product range to attract more customers. Mäc Geiz competes with discount retailers like Action and Tedi, primarily operating in eastern Germany.