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German Non-Food Discounter Kodi Files for Insolvency Amidst Retail Crisis
Kodi, a German non-food discounter, filed for insolvency protection due to decreased consumer spending, rising costs, and intensified competition from domestic and international rivals; the company, with 238 stores and €130 million in 2023 revenue, aims to restructure under insolvency protection.
German Non-Food Discounter Kodi Files for Insolvency Amidst Retail Crisis
Kodi, a German non-food discounter, filed for insolvency protection due to decreased consumer spending, rising costs, and intensified competition from domestic and international rivals; the company, with 238 stores and €130 million in 2023 revenue, aims to restructure under insolvency protection.
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