Reno files for bankruptcy in Switzerland.
After it became known at the end of March that the German shoe retailer was insolvent and that the Austrian subsidiary followed in mid-April, the Swiss offshoot is now also affected. This is reported by several media, including Swiss Radio and Television (SRF).
It is currently uncertain how the 65 employees and the 16 locations in Switzerland will continue, according to a message available to the SRF. The shoe retailer must now first get an overview, according to Reno’s CFO Dieter Metz.
Unsuccessful search for investors
The German parent company Reno Schuhcentrum GmbH started looking for new investors at the beginning of April after being taken over by Cm.Sports GmbH last autumn. This has so far been unsuccessful, according to the message available to SRF.
Like large parts of the shoe trade, Reno is affected by the consequences of the pandemic and the effects of the Ukraine war. The Swiss subsidiary is now also feeling the effects of this.
Reno has not yet responded to a request from FashionUnited.