Christmas disaster: traditional company for Christmas tree decorations in need!

Christmas disaster: traditional company for Christmas tree decorations in need!

In the contemplative time, shortly before Christmas, a traditional company hits: Riffelmacher & Weinberger GmbH from Roth near Nuremberg and her sister company Glasdesign GmbH had to register bankruptcy. These companies are among the last remaining German manufacturers of Christmas tree decorations. High energy and production costs as well as the increasing competition through cheap Asian imported goods were the main reasons for this serious decision, such as The district court of Nuremberg has appointed Daniel Barth from the Pluta law firm as a provisional insolvency administrator. Barth assures that business operations are initially continued without restrictions and that all products remain available. "The most important message for customers is: business operations are continued without restrictions," Barth told Wirtschaftswoche. The aim is to find a solution in the interest of the creditors and employees, possibly by an investor solution or an agreement in the context of an insolvency plan, such as Merkur explained in detail.

economic challenges

The bankruptcy of Riffelmacher & Weinberger and Glasdesign is part of a larger trend in the German economy. In November, the number of regular insolvencies rose by 12.6 percent compared to the previous year, which indicates a general economic weakness. Experts point out that the LinkedIn users and the increasing demands of customers, combined with the high costs of energy and specialists, increase the challenge for many companies.

Riffelmacher & Weinberger, founded in 1921, was known for his Lametta garlands and has become an important provider of handmade Christmas tree decorations over time. But even with this long history, the company could not withstand the intensive price war on the market. The results of the bankruptcy will continue to appear in the coming months, but initially the operation remains upright to provide the traditionally popular Christmas decoration for customers.