News + Trends
Traditional company Haba announces insolvency
by Anne Fischer
Toy company Haba ends insolvency proceedings
4/3/2024
Translation: machine translated
The wooden toy manufacturer Haba has completed its insolvency proceedings under self-administration. The traditional Upper Franconian company is now venturing a new start.
Orchards, wooden marble runs and adorable children's tableware: the well-known toy company Haba had been producing these popular items since the 1970s before announcing its insolvency in its own proceedings last September. This means that a trustee was on hand to advise the company.
The Eisleben site in Saxony-Anhalt was closed and 450 jobs were cut. Today, 1000 employees still work for the company. The company also parted company with the children's clothing brand Jako-o. A large part of the turnover comes from orders for furniture for nurseries and all-day facilities. The Haba Familygroup remains the market leader in this area. With the end of insolvency, the company can also participate in public tenders again.
Concentration on high-quality toys
Header image: Cineberg/Shutterstock
A true local journalist with a secret soft spot for German pop music. Mum of two boys, a dog and about 400 toy cars in all shapes and colours. I always enjoy travelling, reading and go to concerts, too.
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