From Tupperware to Schuh Graf
These known companies have filed for bankruptcy
Fashion chains, tour operators, brand manufacturers: Numerous well -known companies have recently slipped into bankruptcy – and are now facing an uncertain future.
The South German family company Schuh Graf is insolvent. The shoe chain runs 27 branches under the names Schuh-Mann and Quick Schuh and employs 160 people. The company blends into a number of prominent bankruptcies of the past few months and years. In addition to the department store group Galeria and the KadeWe group, the tour operator FTI, the fashion chain Esprit, the cosmetics dealer The Body Shop and the decoration house Depot have also registered bankruptcy. As early as 2023, the number of company bankruptcies had risen clearly compared to the previous year. On the one hand, the reasons are acute economic difficulties related to inflation, energy prices and high costs.
During Corona, many bankruptcy was only postponed
In addition, state support measures of the Corona years have expired, which some companies kept artificially over water that were actually no longer economical. The bankruptcy application obligation was also partly exposed to the Corona crisis.
The fashion retailers, for example, are strongly affected, which, in addition to acute crises, also fight with the general trend for online shopping. Even big players like H&M have been thinning their branch network for several years, others have to reorganize or give up in the bankruptcy. As early as 2022, 102 dealers and manufacturers of textiles have applied for insolvency proceedings, reports the “Textilwirtschaft” industry magazine. In 2023, industry giants such as Peek & Cloppenburg or shoe retailer Reno followed. Not to mention the tragedy around Galeria. Our photo gallery shows which well -known companies have recently had to flee in protective shield procedures or have to register bankruptcy.
Source: Stern
