Investors acquire Hammer retail chain, leading to store closures and job losses

Investors have taken over the Hammer retail chain after its insolvency, leading to significant restructuring. The acquisition will result in the closure of 66 Hammer locations and the loss of hundreds of jobs, though 1200 positions will be preserved at 93 remaining sites. The Brüder Schlau Group, founded in 1921, will be dissolved, with the new entity focusing on integrated interior design services.