German sex shop company filing for protection from creditors

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

FRANKFURT, Germany (AP) — Germany-based sex shop chain Beate Uhse AG says its holding company is filing for bankruptcy restructuring after failing to raise financing from investors and restructure its debts.

A company statement said Friday that the filing would apply only to the holding and that the company's operating businesses would continue operations.

CEO Michael Specht said in a statement that the company's goal was "to quickly and sustainably implement operational and financial restructuring" while under administration.

The company sells sex toys and lingerie in stores and online in several countries, also using the brand name Pabo in several places and the name Adam & Eve in France. The company was listed on the Frankfurt exchange in 1999.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast