For the time being, the Haibach retail chain Adler Modemärkte will not receive any higher state bridging aid. A corresponding lawsuit by the company was rejected last week by the Würzburg administrative court. The Chamber of Industry and Commerce for Munich and Upper Bavaria, which is responsible for approving the aid, confirmed corresponding media reports on Monday at the request of FashionUnited.
According to the reports, the retailer had applied for help of almost 43.7 million euros. According to the IHK, only 14.7 million euros were paid out in December 2021. With a lawsuit for the remaining amount, Adler has now failed in court. The IHK explained the decision in a statement: “According to the court, Adler could not prove the period in which the retailer was in economic difficulties and which companies are attributable to the group of companies,” said the organization. The IHK argued during the procedure that “the funding guidelines of the funding agency are clear and there is no entitlement beyond the funds already granted”.
The Berlin conglomerate Zeitfracht, which took over the ailing clothing retailer last summer during insolvency proceedings, said at FashionUnited’s request that it “took note of the court decision” and respected it. “When we have the written reasons for the judgment, we will see what happens next,” the company said, pointing out that the relevant events at Adler “had taken place before Zeitfracht took over”.