Another heavyweight in the shoe trade has filed for bankruptcy. In recent months, among other things, the companies goertz and Salamander filed for bankruptcy. The step at Reno comes as a surprise because the change of ownership only took place in September of last year. Reno’s branch and online business were from the Osnabrück shoe retail group HR Group an die cm.sports GmbH and the cooperation partner GA Europe Have been transferred. However, there were already signs of a crisis at this point.
1,100 employees affected
Now the district court of Hameln has filed for insolvency Reno Schuh GmbH and the Reno shoe center GmbH. A lawyer became the provisional insolvency administrator dr Immo Hamer by Valtier von hvv lawyers ordered from Hanover. According to earlier information, the company operates around 300 branches across Europe. The online medium “Oberpfalz-Echo” reported yesterday that the electricity at the Reno branch in the NOC Weiden shopping center was switched off due to non-payment. The Reno online shop is currently unavailable. According to Dr. Hamer, almost 1,100 employees are affected by the insolvency.
industry in crisis
Rolf PanelsChief Executive of Trade Association Textile Shoes Leather Goods (BTE), explained at the Düsseldorf trade fair “Shoes” at the beginning of the month that around every tenth shoe shop in Germany was closed last year. The industry would be in a serious crisis. Rising prices and worries about the future are currently causing a growing reluctance to buy, which is affecting many stationary retail sectors. Not only large shoe retail chains such as Görtz, Pölking, Surf4shoes or Salamander slipped into the crisis. Also Peek & Cloppenburg, TK Fashion Group, Keller Sports and Schoedlbauer got into trouble. The biggest case in this area is certainly the insolvency of the department store group Karstadt department store gallery.
As the editor of the Unternehmeredition, Alexander Görbing reports regularly on companies and economic events. His focus areas include restructuring, M&A processes, financing and tech start-ups.
