Major German music business goes bustmain
The venerable Musikhaus Tonger, an institution in Cologne since 1822, has gone into insolvency.
The firm is one of the country’s largest retailers of scores, instruments and recordings, employing 40 staff across three locations.
The CEO, Lutz Wentscher, 78, is hopeful of rebuilding the company after bankruptcy. He is being advised by former Schott chief, Michael Petry.