Following the information in December that Höfner, the maker of Paul McCartney’s iconic Violin Bass, had filed for chapter, it seems the corporate has been rescued, based on a press launch obtained by YouTuber and guitar business journalist KDH.

Whereas few particulars about Höfner’s monetary woes had been made public when it was revealed it had filed for chapter on the Fürth District Court docket in Bavaria in December, it was revealed that an insolvency administrator had been appointed, tasked with rectifying money owed over a three-month interval.

Beatles legend Paul McCartney – with whom the Höfner model turned mostly related – referred to as the information of the corporate’s chapter “very unhappy”

Now, YouTuber KDH has apparently uncovered large information concerning the corporate’s future.

Upon discovering that the contact data on the Höfner web site had lately been up to date to Thomann’s contact particulars, KDH reached out to the German retail large for additional data. He says the corporate despatched him again a press release apparently confirming it had acquired the storied musical instrument model.

If the press launch obtained by KDH is reliable, it confirms a “profitable investor resolution”, which can make sure the “continuation” of Höfner’s headquarters in Baiersdorf, Germany.

“The transaction not solely secures the long-term preservation of the globally famend manufacturers Höfner and Paesold, but in addition the preservation of the Baiersdorf web site and 24 jobs,” the assertion continues.

The doc reveals Höfner “most lately employed a workers of 52 producing stringed devices, bows, guitars and basses and advertising them internationally”, so if the main points are reliable, that might imply the layoff of 28 workers.

It’s revealed that GEWA music GmbH took over the operational enterprise operations of Höfner’s Baiersdorf headquarters on 1 April, 2026. In the meantime, Streetlife GmbH, a subsidiary joint funding firm of Thomann’s and GEWA’s has taken over and bought the trademark rights for Höfner and Paesold.

“This ensures that each manufacturers will survive and be additional strategically developed in the long run,” the doc reads, including that distribution rights for the Höfner model in Europe shall be “held completely” by Thomann GmbH, and outdoors of Europe by GEWA music. GEWA holds distribution rights for the Paesold model.

“Höfner devices, together with the legendary Beatle basses, string devices and bows, will proceed to be manufactured in Baiersdorf,” the assertion goes on.

“As a part of the transaction, 24 jobs had been additionally preserved on the Baiersdorf web site. As well as, it has been attainable to position among the remaining workers in new positions. All in all, this represents a really pleasing end result – particularly towards the backdrop of the difficult market state of affairs within the musical instrument business.”

“In a fancy and demanding course of, we now have succeeded in reaching an answer that ensures each the continued existence of the Baiersdorf web site and the longer term viability of the Höfner and Paesold manufacturers in the long run,” says insolvency administrator Dr. Hubert Ampferl.

“The [fact] that operations might be continued seamlessly and jobs are preserved on the similar time are an essential sign for the placement and the area.”

Based by Karl Höfner in 1887 within the then-Austrian-Hungarian city of Schönbach – now Luby within the Czech Republic, Höfner grew to one of many largest suppliers of stringed devices within the area within the following a long time. Operations had been scaled again throughout World Battle II, when its services had been repurposed for making provides for the German military.

Germany’s postwar reconstitution meant Germans had been expelled from Czechoslovakia, and Höfner relocated to West Germany, opening a brand new manufacturing unit in Bubenreuth in 1950.

Whereas the model has manufactured numerous totally different devices all through its nearly-150-year historical past, it’s undoubtedly most identified for the five hundred/1 bass guitar – the Violin Bass – lengthy championed by Paul McCartney.

Guitar.com has reached out to Thomann to confirm the legitimacy of the press launch offered to KDH.