Image: colourbox.de
The liabilities amount to 619,000 euros, which are offset by assets of around 160,000 euros, reports the creditor protection association KSV 1870. The company, which was founded in 2017, had the shoes produced under contract in Turkey. The market launch ran smoothly until losses in margins and withdrawals arose due to defective production. The problems in stationary trade due to the corona pandemic also led to cancellations and a drop in sales. The distribution of a second Flufie brand did not bring the desired sales either. The Wels lawyer Johannes Hofmann was appointed liquidator.
Source: Nachrichten
