The textile chain Adler Modemärkte wants to pay back the remaining five million euros from the Economic Stabilization Fund (WSF) in the coming days. The company from Haibach near Aschaffenburg announced this on Tuesday. The loan granted as part of the Corona crisis totaled ten million euros. According to the company, the remaining amount had already been paid last year and in the spring of this year.
The textile chain had filed for bankruptcy under its own responsibility in January 2021 due to the pandemic and was later taken over by the Berlin conglomerate Zeitfracht. Insolvency proceedings ran from the beginning of July to the end of August, during which jobs were lost and branches were closed. Adler Modemärkte AG is now back on an economically stable and successful course.
In the spring of 2021 – before the promised aid – Adler had also clearly expressed how alone the company felt from the federal government. On Tuesday, Zeitfracht board member Wolfram Simon-Schröter apologized: “I would like to thank the federal government and in particular the WSF for supporting Adler last year – despite massive criticism from the company management and the insolvency administrator at the time.” (dpa)