German hardware and building materials industry faces big reshuffle

At present, Max Bahr company has been insolvent to the German Hamburg Court Registry company, experts believe that this move can allow the chain to avoid the fate of failure.

In recent years, Max Bahr has been regarded as the safest branch within the Praktiker system, and its management also hopes that the collapse of the parent company will eventually bring more business to the subsidiary company. It is understood that Praktiker, one of Germany's three largest building materials companies, has 18,000 employees and annual sales of 3 billion euros. The group is headquartered in Hamburg, Germany and has 4,304 supermarkets under construction.

Industry insiders believe that the European economic crisis that lasted for many years has caused the German building materials market to already brewing this huge change. The collapse of Praktiker and the collapse of Max Bahr all reflect that the German and European home building materials market is undergoing a painful reshuffle. This is also the inevitable result of the market after the European debt crisis lasted for many years.