Good Brands AG Announces Investment Impairments in Portfolio Clean-up

Good Brands AG has announced a substantial write-down of investments as part of a strategic portfolio clean-up. The company's Management Board decided to fully write down its stakes in United Screens GmbH, Marvin Inc., WineGuys Germany GmbH, truemorrow Solutions UG, Pure Beverage GmbH, and Make Love and Aid GmbH, with impairments totaling EUR 779 thousand. Additionally, a significant partial write-down of EUR 2,243 thousand was applied to stilfaser GmbH. This strategic decision results in a total impairment of EUR 3.0 million.

The move aligns with Good Brands AG's efforts to optimize its investment strategy and address financial challenges. The company's decision underscores its focus on redirecting resources and managing its investment portfolio effectively. The total impairments reflect a comprehensive review of the company's business interests and anticipated returns.