Mattress Chain Bankruptcy: 93 Stores Closed, 300 Jobs Lost
- Köln (North Rhine-Westphalia) - Matratzen direct AG has failed to secure an investor, resulting in the closure of all 97 remaining stores across Germany and the loss of...
- The company initially filed for insolvency on March 31, 2025, at the Cologne District Court, hoping to find a restructuring solution.
- The number of Matratzen Direct stores had already been reduced from an original 124 to 97.
Matratzen Direct AG Files for Insolvency: All 97 Stores to Close
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Köln (North Rhine-Westphalia) - Matratzen direct AG has failed to secure an investor, resulting in the closure of all 97 remaining stores across Germany and the loss of 300 jobs.
The company initially filed for insolvency on March 31, 2025, at the Cologne District Court, hoping to find a restructuring solution. Operations continued in an attempt to secure a viable path forward, with legal support from the law firm Lambrecht (Düsseldorf).
How the collapse Happened
The number of Matratzen Direct stores had already been reduced from an original 124 to 97. Despite contacting 44 potential investors, none were willing to provide the necessary funding. the company stated that the last remaining interested party withdrew their offer.
According to the company, “Investments in the future are also the basis of the restructuring concept for a permanently profitable continuation, which are not possible without an investor.”
A typical Matratzen Direct store.
Previous Rescue Attempt Fails
This isn’t the first time Matratzen Direct has faced insolvency. The company previously filed for bankruptcy in 2017 but was rescued. Though, that restructuring involved closing nearly 80 stores. further financial difficulties emerged, with the company reporting an uncovered loss exceeding €29 million as of December 31, 2023, according to the WirtschaftsWoche.
The current economic downturn and reduced consumer spending contributed to the company’s inability to recover.
A Long History Comes to an End
The company has a long history, originating in 1929 in Ossendorf, a district of Cologne, as Bettina Federkernwerk, later becoming Bettina Matratzenfabrik GmbH.
Liquidation Sale Underway
Matratzen Direct will begin liquidating its inventory through its MFO stores before the end of the year. The stores and online shop will remain open for now, but the slogan “MFO Matratzen – günstig besser schlafen” (“MFO Mattresses – sleep better for less”) will soon be a thing of the past.