TMI, one of Germany’s leading entertainment distributors and VMI specialists, is fighting the bear market. The company filed for bankruptcy on September 30th and went in receivership. The administrators announced that they are trying to uphold trading as usual and to not impair the operation. This basically means TMI will continue to operate under what in the U.S. is called Chapter 11. Trustees are currently looking for potential investors.
TMI covers the complete range of entertainment media products. The company lists more than 230,000 articles in their portfolio with a heavy focus on music (160k titles), DVDs, games, books and software.
TMI employs some 500 people at various sites with half the staff located at the headquarters in the city of St. Leon-Rot. The company’s main clients include retailers like Amazon, Buch.de, Edeka, Globus, Marktkauf, Medimax, Kaufland and real.
Outside of TMI’s native German market the distributor also operates a subsidiary in Austria which is not involved in the bankruptcy filing.
German trade weekly MusikWoche first broke the story.
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