Franchisee of well-known home textile model is bankrupt – Muricas News

Holzmann Textil GmbH has utilized to the regional court docket in Korneuburg to open chapter proceedings. Based in 2019, the corporate operates seven Palmers branches in Austria as a franchisee. The corporate is at present being continued, however a reorganization shouldn't be meant, the creditor protectors Creditreform and KSV1870 reported on Thursday. Liabilities are anticipated to be round EUR 890,000.

In keeping with info offered by the debtor, all branches are at present nonetheless open and no workers have been terminated, because the branches could also be taken over. There are two places in Eisenstadt and one retailer every in Mattersburg, Neusiedl am See, Mannersdorf, Saalfelden and Zell am See. The longer term destiny of the debtor firm will in the end need to be examined by the insolvency administrator who has but to be appointed.

In keeping with the data, 9 collectors and 15 workers are affected by the insolvency. In keeping with the printed, the causes of insolvency lie within the financial penalties of the Covid 19 pandemic. Added to this was the termination of the franchise agreements by Palmers Textil AG.

The data couldn't have been checked within the quick time by KSV1870, it was emphasised. The KSV additionally “expressly said that solely the franchisee Holzmann Textil GmbH had filed for chapter and never Palmers Textil AG itself”.