Haba, a toy manufacturer, has filed for self-administered insolvency.

DThe toy manufacturer Haba Sales GmbH & Co. KG, based in Bad Rodach (Coburg district), has filed for self-administered insolvency at the Coburg District Court. The court has ordered provisional self-administration, according to a statement released by the company on Tuesday. A spokesperson for the Coburg judiciary confirmed the information provided by Haba Familygroup to the German Press Agency.
„I cannot reword“
Die Eigenverwaltung ist eine Variante des Insolvenzverfahrens, bei der es keinen Insolvenzverwalter, sondern einen sogenannten Sachwalter gibt, der das Verfahren begleitet und überwacht. Diese Aufgabe übernimmt laut Haba Tobias Sorg aus der Kanzlei dmp solutions. Die Geschäftsführung bei Haba bleibe im Amt. Man werde den Geschäftsbetrieb „wie gewohnt fortsetzen“, hieß es vom Unternehmen.
In August, the toy manufacturer announced that the brand Jako-o will be discontinued in early 2024. The Haba Familygroup is currently undergoing its largest restructuring in its over 85-year history. The toy manufacturer from Upper Franconia had previously reorganized its management team and announced a large-scale job reduction. Currently, the Haba Familygroup includes the three brands Haba, Haba Pro, and Jako-o.