The shoe retailer Reno is now also insolvent in Austria. The bankruptcy proceedings for the Leobersdorf-based HR Group GesmbH were opened on Thursday, the creditor protection association KSV1870 announced.
The competent regional court in Wiener Neustadt appointed lawyer Bernhard Schatz as insolvency administrator. The subsidiary of Reno Schuhcentrum GmbH currently operates the 29 Austrian Reno branches and employs 106 people. The German parent company had already had to file for bankruptcy at the end of March.
According to the KSV1870, the future of the shoe retail chain in Austria is open for the time being. “Even during the bankruptcy proceedings that have now been applied for, talks with potential investors are to be continued, according to the company itself, in order to relieve the company of debt through a restructuring plan,” said the association. “If these talks cannot be concluded positively in the short term, a temporary continuation of operations to sell off the existing inventory and subsequent liquidation of the company will be sought.”