“Company has a good reputation”: Steilmann fights for its future – n-tv.de NEWS

 Economy
 

 Monday, 28 March 2016

 
 
 

 
 After the bankruptcy petition of Steilmann the company’s perspective comes into focus. The liquidator is optimistic and announces talks with dealers and suppliers. The affected fashion houses Boecker remain meanwhile opened.
 

 
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After the bankruptcy petition of the fashion group Steilmann the business of the clothing company run time being. The domiciled primarily in West Germany twelve Boecker fashion stores remained open, said the preliminary insolvency administrator Frank Kebekus. “The top priority is currently to stabilize the operating businesses of the Group companies.”

Thus, first, not mentioned measures have already been initiated. Discussions with commercial customers, suppliers and other business partners would quickly follow, Kebekus said. The name Steilmann have still a good reputation. “This will certainly be helpful in our efforts to find a future.”

440 employees affected

Steilmann had filed for bankruptcy due to insolvency on Thursday. The reason for the plight of the company called persistently weak transactions. “The banks were no longer willing to finance,” it said. Discussions with potential donors were unsuccessful.

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Affected by the bankruptcy are solely those of the parent company Steilmann and the twelve Boecker fashion houses with a total of nearly 440 employees. You will receive according to the company by the Federal Employment Agency through May insolvency allowance.

Not affected by the bankruptcy, the Germany-wide 170 Adler fashion markets where Steilmann is involved. Working there most of the 8300 employees of the company. 2014 Steilmann SE had implemented EUR 900 million, the majority was spent on eagles.

  Source: n-tv.de
 

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