Insolvent company with “Höhle der Löwen” actors

The greatest “Höhle der Löwen” hit ever has debuted! Today, Social Chain AG” submitted an insolvency petition. The combined journey of “Höhle der Löwen” coworkers Ralf Dümmel (56) and Georg Kofler (66) has come to an end after 634 days. With immediate effect, the latter is giving up his post as Social Chain’s CEO.

The bankruptcy has no impact on Ralf Dümmel or the DS Group. The investor is even working tirelessly behind the scenes, as BILD has heard from insider circles, to reverse the agreement and go back in time.

Ralf Dümmel allegedly lost more money than he did by selling his firm shares, according to BILD. played the dice.

Being an entrepreneur involves more than just hearing good news. I started a significant initiative with the DS Group’s workers and stockholders at the end of 2021: One the one hand, the DS Group’s merger with Social Chain AG was a fantastic chance to move away from stationary retail and into the social commerce space. The issue of merging a Hanseatic family firm that had expanded over fifty years into the corporate culture of a publicly traded digital corporation, however, was another aspect of the merger.

In October 2021, Ralf Dümmel and Georg Kofler, two TV coworkers, entered into a business partnership. Kofler purchased DS Produkte from Dümmel. The Social Chain AG, which is in charge of the Glow beauty trade fair among other things, has Kofler as its largest stakeholder and chairman of the supervisory board. Cost of acquisition: around 220 million euros. Ralf Dümmel will receive around one-fourth of the total.

Together, they had lofty goals: Kofler declared, “We are joining to help shape the new world of brands and retail.”

Additionally, Dümmel was adamant at the time that the transaction would serve as a bridge to the future for the DS Group. We are thrilled to be enhancing our unique retail knowledge with additional capabilities. We will demonstrate how social commerce and retail may work together successfully.

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