Hopes for a reorganization of the insolvent German retailer Sporthaus Saemann in Heilbronn have finally been dashed, leading to the closure of its large Intersport Profimarkt, three golf stores and an innovative Saemann Sportkultur store in the city center. In a statement, the insolvency administrator, Lutz Lohmann, stated that “the last remaining investor has finally cancelled due to the ongoing pandemic situation and the associated impairment of business operations.” All 40 employees are being dismissed. The company had to file for bankruptcy last December. Ultimately, the protracted retail lockdowns in January and February and the limited reopening perspectives for the next few weeks prevented the implementation of a restructuring project and deterred potential investors, according to the insolvency administrator. Moreover, the 122-year-old company was unable to take advantage of state aid for legal reasons.