In July, the two companies Hemkon Stoff GmbH belonging to the trade group of the material and the fabric fabric trade GmbH filed for bankruptcy. The proceedings in self -administration were opened on October 1st. On Tuesday, the company now informed about the current plans.
Stores in Wiesbaden, Bremen and Naumburg are in front of that
The renovation via an insolvency plan is planned, according to a message. The shareholder structure remains “in both companies”. At the same time, the retailer announced the first renovation measures. The branches in Wiesbaden and Bremen-Vegesack will therefore be closed at the end of November, the end for the branch in Naumburg follows a month later. The retailer explained that all three stores recently generated losses.
In the course of the closings, eleven employees must: “unfortunately the termination is pronounced inside,” said the company. The restructuring expert Eric Coordes, who acts as a consultant as part of the procedure, hopes that the job cancellations will be limited. “We are currently assuming that dismissals of employees will remain the exception for both companies on their way to the black,” he said in a statement. In total, the companies based in Nordhorn are currently operating 37 stores and employed 300 employees: inside. Two branches in Hamburg and Dinslaken had recently been closed.
The renovation plans are currently being coordinated
The next steps of the procedure are already planned. “The renovation plans in which the further renovation of the companies is clearly defined will be coordinated, finalized, finalized and then presented to the court and the creditors in the coming weeks,” says a message. “If the court and creditors accept the respective plans, the companies are renovated and can act freely on the market again”.
In view of the current progress in the ongoing efforts, Coordes expect that “the court can cancel the renovation procedures initiated at the beginning of next year,” said the company.