The strong Online competition makes fashion chains. Now has signed to K&L and Gerry Weber for another company’s insolvency.
Köngen – Germany-wide active fashion retail chain, AWG has made an application for insolvency in self-administration. The reason for this step of the warm autumn and the failed fiscal year 2018, according to the company. The trade chain from Köngen (Baden-Württemberg), with around 2900 employees and nearly 300 stores wants to redevelop now.
“The business operation of the AWG continues in spite of the initiated protective shield proceeding without restrictions,” said the General agent, and lawyer Martin Mucha on Monday. The wages and salaries to be secured to the end of April.
The online trade makes the necklaces to create – Gerry Weber and K&L in bankruptcy
With the self-administration, the management remains in the company. Your a lawyer as a so-called property, plant, and Walter, who was appointed by the court is made. The self-management goes wrong, he could take over as the administrator completely the reins.
Many companies in the industry had recently suffered, also because of the growing online competition. Only last week, the fashion manufacturer Gerry Weber from North Rhine-registered – Westphalia insolvency in self-administration. Also, K&L from the upper Bavarian Weilheim is in trouble.
dpa
