The Linz-based Texspo Textil- und SportartikelgroßhandelsgmbH is insolvent. On Friday, restructuring proceedings without self-administration were opened at the Linz Regional Court, as announced by the credit protection associations Creditreform, Alpenländischer Kreditorenverband (AKV) and KSV1870. According to the information, 22 employees and around 90 creditors are affected by the insolvency.
- also read: Customers of an Upper Austrian kitchen retailer face millions in losses
Founded in 2006
According to Texspo, liabilities of around 8 million euros are outstanding and assets amount to 2.77 million euros. The company, which was founded in 2006 and operates under the brand GTS Sports, acts as a full-service provider in the areas of outdoor clothing, nautical, cycling, skiing and fitness.
The company has cited the change or reduction in consumer behavior among the population since inflation as the main reason for bankruptcy. The restructuring plan provides for a creditor ratio of 20 percent within two years.
My themes
For your bookmarked topics
new articles found.
info By clicking on the icon you add the keyword to your topics.
info
By clicking on the icon you open your “my topics” page. You have of 15 keywords saved and would have to remove keywords.
info By clicking on the icon you remove the keyword from your topics.
Add the topic to your topics.
Source: Nachrichten
