GERMANY (Notifix)- Insolvent German home improvement store chain Praktiker, a household name in Europe's biggest economy, will be dismantled and sold off piecemeal after its administrator failed to find a buyer for its remaining 130 outlets.

The stores, which have about 5,330 employees, will start a clearance sale in the coming weeks so their empty shells can be sold off individually, Praktiker's insolvency administrator Christopher Seagon said in a statement on Wednesday.
Praktiker filed for insolvency in July after talks with creditors failed. The administrator believes there is a chance that a number of these branches will be continued under other brand names by competitors or outsiders investing in the industry.