The Austrian laundry group Palmers Textil AG gave an overview of the status of its renovation efforts on Tuesday after the first meeting of creditors.
“The ongoing financing of the operational operation of Palmers Textil AG is currently secured,” emphasized the company, which had filed for bankruptcy in February and is now going through a renovation process with self -administration.
The laundry provider also presented its restructuring concept. The closure of 36 stores is planned for economic reasons. A total of 117 employees are affected: inside.
The company also explained that it is currently with potential new donors: negotiating inside. “There are currently three specific investor processes and continuous inquiries from new investors,” says a message. At the present time, management and the renovation agent Maria-Christina Nau are “confident that the company will successfully complete the renovation process”.