The Austrian traditional costume provider Gössl has made a decisive progress in his renovation efforts. Last Monday, the creditors approved the renovation plans for Gössl GmbH and Gwandhaus GmbH as part of the ongoing insolvency proceedings. This means that “all companies of the Gössl Group have been successfully renovated”, explained the company based in Salzburg in a press release.
The renovation plan for Gössl Gwand GmbH, under which all business activities are bundled in the future, had already been accepted in mid -March.
After bankruptcy: all companies of the Gössl group “successfully renovated”
At Gössl GmbH, which was previously responsible for the development and production of the collections, the process was not quite as smooth. In May the creditors had rejected a first renovation plan. After the company then increased the bar quota from five to ten percent and the overall quota from 20 to 22.5 percent, the repaired plan was now given the necessary approval. A bar quota of ten percent and an overall quota of 20 percent were agreed for Gwandhaus GmbH.
After the agreement, Managing Director Maximilian Gössl sees good future opportunities for the traditional costume specialist. “We thank the creditors for their trust. With today’s positive coordination, Gössl’s continued existence is secured and we can concentrate on the further development of our company again,” he said in a statement.
According to its own statements, the clothing provider has now “raised production” and started delivery of the 2025 summer collection. Your own online shop will also be “put back into operation shortly,” said the company.
The traditional costume specialist is aiming for “healthy growth”
At the same time, the renovation concept provides for the reduction of old stocks. “In addition to the successful partial sales in our inpatient shops and outlets, our outlet in Bergheim near Salzburg will also be put into operation with extended space and opening times from next week,” explained Managing Director Gössl last Monday. It is also planned to “sell part of the stocks online in cooperation with the Aurena”.
For the future, Gössl is now targeting “healthy growth” in the medium term. “The branch network is consolidated and at the same time expanded in a targeted manner, while online trading is strengthened and expanded into a central pillar next to the inpatient retail,” said the company.