Christopher Seagon has accompanied over 750 companies through insolvency and successfully restructured many. The experienced insolvency administrator warns against wanting to save all companies again, as in the pandemic.
Mr. Seagon, as an insolvency administrator and reorganizer, crises are your business. How bad is what is happening to the German economy right now?
It’s hard to say, but the omens aren’t good. We were particularly dependent on Russian gas, and we all notice that when looking at the energy costs. Especially in the energy-intensive industries, everyone is wondering how to get this under control. Especially since wage and raw material costs are also rising. Consumers are also in a panic and are no longer buying, and sales in retail are stumbling. Together with the interest rate turnaround by the central banks, a very toxic cocktail is brewing for many companies.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
