Planethic Group AG Initiates Restructuring Through a Self-Administration Process

Planethic Group AG, formerly known as Veganz Group AG, has initiated a self-administration restructuring process by filing for insolvency on June 25, 2026. The goal of this move is to continue ongoing restructuring efforts and ensure the company's long-term competitiveness. Despite the insolvency filing, operations are expected to continue without interruption, and customers, suppliers, and business partners can continue to work with the company as usual. The insolvency applies only to the holding company, while subsidiaries and affiliated companies are not affected.

The filing has resulted in the cancellation of a bondholders' meeting scheduled for July 21, 2026, regarding the company's outstanding €10 million 7.5% notes. The executive board will remain in charge during the self-administration process, with an administrator appointed by the insolvency court overseeing the restructuring measures. The restructuring began in 2025 when the company rebranded itself as Planethic Group AG and moved to a holding structure, separating its operating divisions into subsidiaries to attract investment and achieve growth targets for each business.