The Austrian clothing retailer Wolford AG announced on Thursday that it would increase its equity. The board of directors had “decided to start the process of carrying out a capital increase,” the Bregenz-based company announced. The measure is intended to provide the company with “additional own funds”. The plan is to carry out the capital increase “in the first quarter of 2023 at the latest”, explained Wolford.
The company presented its results for the first half of 2022 last week. Accordingly, it was able to increase its sales, but had to accept a higher loss.
At the same time, the clothing supplier had informed about its financial situation. “To ensure liquidity, the company has loans from the majority shareholder. In addition, the company is in close contact with credit institutions for further financing.
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