The discount chain M'ac-Geiz is broke. The company has no money. It asks a court for help. The court is in the city Halle. This process is called self-management. The bosses keep their jobs. Experts help to save the company.
M'ac-Geiz has 180 shops in Germany. Many shops are in the east of Germany. They are in Saxony and Thuringia. All shops stay open now. Customers can still buy things there. The company checks all shops now. Some shops might close later.
Almost 1200 people work at M'ac-Geiz. They worry about their jobs. They get money from the state for 3 months. This is called insolvency money. There are many reasons for the trouble. People buy less. Costs for rent and power are high. The staff costs more money too.
Kodi bought the chain in February. Kodi is also a discount shop. People hoped for a new start. But the problems are too big. M'ac-Geiz sells items for the home. Examples are bowls or pens. The competition with other cheap shops is hard.
