Veganz successor Planethic Group enters self-administered insolvency

What's the deal? Planethic GroupDealroom has a profile for this one. Try Dealroom →, the company formerly known as VeganzDealroom has a profile for this one. Try Dealroom →, has entered insolvency proceedings opened by the Potsdam district court. The plant-based food company will restructure under self-administration, a process that lets existing management stay in control while it reorganises.

Why now? The company aims to complete its insolvency process by the end of the year. Two financial backers have stepped in to secure funding for the planned turnaround.

What's the endgame? The former Veganz GroupDealroom has a profile for this one. Try Dealroom → wants to emerge fit for the future. Self-administration gives it room to reorganise its finances while keeping operations running.

The signal: Once a visible pioneer of Germany's plant-based sector — its name once painted on building walls — Veganz has become a cautionary marker for the category. Its rebrand to Planethic and now its insolvency underscore how hard it has become for early vegan brands to stay solvent.

Read more: lebensmittelzeitung.net

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