REWE Group, the self-administration of Feneberg Lebensmittel GmbH (FLM), and LEH-Allgäu GmbH have concluded an investor agreement for the future structure of Feneberg locations. This step, which is subject to merger control approval, aims to promote the long-term safeguarding of the affected locations, the jobs based there, and regional local supply. FLM has been in self-administration insolvency proceedings since 1 April 2026.
The implementation of the agreement is planned via an insolvency plan, which still requires the approval of FLM's creditors. The court-appointed creditors' committee has already endorsed the venture. A central component of the plan is the independent operation of significant parts of the total of 72 locations by LEH-Allgäu GmbH and REWE Group.
Objectives of the Agreement
By signing this agreement, the parties involved aim to create a long-term perspective for the Feneberg locations. The primary goal is the preservation of a traditional medium-sized company, the strengthening of local supply and jobs in the Allgäu and Southern Germany. Furthermore, customers should continue to have a reliable offering available. This foundation is also intended to enable the future development of the locations.
- —Preservation of a medium-sized company
- —Strengthening local supply in the Allgäu and Southern Germany
- —Securing jobs
- —Enabling future site developments
Peter Maly, Management Board member at REWE, explained that a significant step for the long-term perspective in the Allgäu has been taken with the signing. The planned takeover aims to strengthen local supply in the region and open up new development opportunities for the affected locations. He emphasised the goal of offering a reliable perspective to local people, employees, and thus the region. For employees of the stores that will be operated by REWE Group in the future, it is intended that their existing employment contracts will remain unchanged.
Regional Significance and Future Prospects
Alexander Pade, Managing Partner of LEH-Allgäu GmbH, highlighted that the investor agreement represents a crucial step towards securing the future of the Feneberg locations. He described it as a motivation to establish a long-term and reliable solution that promotes regional local supply, preserves jobs, and offers security to local people. For employees of the stores that will be managed by LEH-Allgäu GmbH in the future, it is planned that their employment contracts will remain valid. Pade underscored the ambition to develop a stable and sustainable perspective for the locations from a challenging situation.
The Allgäu is characterised as one of the most important retail regions in Southern Germany, where Feneberg has shaped local supply for decades. The intended development aims to ensure the long-term supply of the population and support the economic development of the region. This symbolises a long-term perspective and deep regional roots. Until the final decision by the competent authorities, the agreement remains provisional.
