When Germany’s entertainment distributor TMI filed bankruptcy in late September last year people involved had hoped that there might be a chance to save the business, or at least parts of it. These hopes have now been shattered. Trustees, who already in mid-December had terminated the TMI headquarters in St. Leon-Rot, have now also given up on the remaining TMI locations in Bremen and Alsdorf.
The administrators had been trying to keep up trading throughout the fourth quarter but more and more TMI clients defected to competing ditributors. That basically left the company without sufficient business. In total, some 500 jobs are affected by this collapse. TMI was founded in 1989 and during better times generated annual revenues in the area of €280 million ($360m).
