REWE Group, the self-administered estate of Feneberg Lebensmittel GmbH, and LEH-Allgäu GmbH Sign an Investor Agreement
Together, the three partners are safeguarding 72 locations, thousands of jobs, and local supply chains in the Allgäu region and southern Germany
The REWE Group, the self-administered insolvency proceedings of Feneberg Lebensmittel GmbH (“FLM”), and LEH-Allgäu GmbH have signed a joint investor agreement regarding the planned future arrangement for the Feneberg locations. FLM has been in self-administered insolvency proceedings since April 1, 2026.
This marks a significant step toward securing the long-term future of the locations, jobs, and local food supply in the region. The agreement is subject to approval under merger control law. The investor agreement is to be implemented through an insolvency plan, which must still be approved by FLM’s creditors. However, the creditors’ committee appointed by the court has already given the project the green light.
The plan is for LEH-Allgäu GmbH and the REWE Group to each operate a significant portion of the total 72 locations independently in the future.
With this agreement, the parties involved aim to create a long-term outlook for the affected locations. The goal is to preserve a traditional, medium-sized company, strengthen local supply and jobs in the Allgäu region and southern Germany, and continue to offer customers a reliable selection of products in the future. The agreement is also intended to lay the foundation for the further development of the locations.
“By signing this agreement, we have taken an important step toward securing a long-term future in the Allgäu region. The planned takeover is intended to strengthen local supply in the region and open up new development opportunities for the affected locations. Our goal is to offer reliable prospects to local residents, employees, and thus the region as a whole. This is precisely where the strength of our cooperative business model lies. For the employees of the stores that will be operated by the REWE Group in the future, it is planned that their existing employment contracts will remain in effect unchanged,” says Peter Maly, Member of the REWE Executive Board.
“The investor agreement is an important step toward securing the future of the Feneberg locations in the Allgäu and southern Germany. As entrepreneurs with decades of experience in the food retail industry, our motivation is to create a long-term and reliable solution that strengthens local food supply, preserves jobs, and offers security to the local community. For the employees of the stores to be operated by LEH Allgäu GmbH in the future, the plan is for their existing employment contracts to remain in effect. “Our goal is to turn a challenging situation into a stable and sustainable future for these locations,” said Alexander Pade, managing partner of LEH-Allgäu GmbH.
The Allgäu is one of the most important retail regions in southern Germany, and Feneberg has been a key player in local retail here for decades. The planned development is intended to secure the long-term supply of goods for local residents and support the region’s economic development. It also represents a long-term vision and a clear regional commitment.
The agreement remains subject to change until a decision is made by the relevant authorities.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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