HABA FAMILYGROUP, parent company of HABA Games, has filed for self-administration proceedings in a Coburg District Court in Germany on September 12, 2023.
The Coburg court granted the company's request on a provisional basis. This process, governed by the German Insolvency Code, will allow HABA to continue business operations, despite being insolvent, while attempting to stabilize its finances (much like Chapter 11 bankruptcy in the U.S.). By going through this process, HABA will be able to reorganize in an attempt at a fresh start.
"The decision to apply for self-administration was anything but easy for us," explains Managing Director Dr Mario Wilhelm. "But in view of the tense economic situation it is the only way that the HABA FAMILYGROUP, with its great tradition, can quickly find its way back to its old strength."
HABA has announced the discontinuation of the JAKO-O division in 2024, which produced children's products. They will focus on the two core segments of the company, HABA and HABA Pro, that produce sustainable toys and furniture. No word thus far on how this restructuring will impact the HABA Games division in North America.

In an Attempt at Insolvency Restructuring
Posted by Jeffrey Dohm-Sanchez on September 15, 2023 @ 8:45 am CT

MORE GAMES
Acquisitions of Alliance Game Distributors and Diamond Comic Distributors Close
May 16, 2025
The acquisitions of Alliance Game Distributors and of Diamond Comic Distributors and related assets have closed.
Features Repainted Version of 'Exodia the Forbidden One'
May 16, 2025
Konami Digital Entertainment announced World Championship 2025 Limited Pack, a new special booster set for Yu-Gi-Oh! TCG.
MORE NEWS
Starring Princess Bubblegum and Marceline
May 16, 2025
The double-sized ‘Bubbline’ one-shot features Princess Bubblegum and Marceline in their first year of college.
New Perils Emerge in 'Superman: The Kryptonite Spectrum'
May 16, 2025
Superman faces four new forms of Kryptonite in Superman: The Kryptonite Spectrum.