Mediashop GmbH files for insolvency with €51.55 million debt

A once-thriving teleshopping giant now faces collapse. With €51.55M in debt and 160 jobs at stake, can Mediashop's last-ditch asset sale save it?

, and Administrator

2026 May 5 . 10:02 AM

1 min read

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Mediashop GmbH files for insolvency with €51.55 million debt

Mediashop GmbH, a teleshopping firm based in Neunkirchen, filed for insolvency in February 2026. The company now owes creditors €51.55 million. Insolvency administrator Michael Lentsch is working with investors to secure its future. The troubled retailer operates from a 6,566-square-metre site in Neunkirchen. Its modern headquarters, built in 2018, provides 2,670 square metres of usable space. The property sits on a heritable building right, costing nearly €14,000 in annual ground rent until 2078.

An independent valuation placed the site’s worth at €5.23 million. The bank holds a mortgage of up to €5.5 million, though current liabilities stand at €3.9 million. Despite negotiations, investors and the primary bank have yet to agree on taking over the headquarters.

The sale of Mediashop’s operational assets and the building right is set to complete this week. Around 160 employees remain with the company as talks continue. The insolvency process moves forward with asset sales expected shortly. Lentsch’s efforts focus on securing a deal to stabilise the business. The outcome will determine the future of Mediashop’s workforce and operations.