The traditional German manufacturer Friedrichs Gruppe is to be sold. In recent years, the fish delicatessen specialist had to accept heavy losses.
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 salesperson 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.
Traditional manufacturer Friedrichs Gruppe has not only been in crisis since the Ukraine war
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.
