With the Friedrich Group with the brands Friedrichs and Stührk, another traditional German company has to admit defeat to the current market situation. As the “Lebensmittel Zeitung” reports, the group has announced to retail customers that it wants to find a salesman for the fish delicatessen specialist this year.
After making heavy losses in recent months, the group announced the closure of production in Waren (Müritz) and the logistics site at its Hamburg headquarters. However, this had apparently not been enough to offset the losses.
As is so often the case, price increases for raw materials are one reason for the loss of sales. According to the reports, the Friedrich Group had great difficulties in compensating for this by increasing sales prices.
Unlike in many other insolvency and sale cases, however, the group has not only been in crisis since the beginning of the war in Ukraine. The problems have been going on for a number of years. At the end of the 2021/22 financial year, the losses now add up to over 17 million euros.
Targeted changes in behavior could save around 30 terawatt hours of natural gas annually in private households in Germany. This corresponds to almost three percent of German consumption in 2021.
The original for this article “Traditional manufacturer Friedrichs Gruppe is sold” comes from chip.de.