Two furniture stores in Upper Austria closed due to bankruptcy!

Two furniture stores in Upper Austria closed due to bankruptcy!

In a dramatic turning point for the Austrian furniture trade, two branches of "Viev GmbH" in Upper Austria and Vorarlberg were closed due to bankruptcy. On March 13, 2025, bankruptcy was imposed after the company had over 2 million euros in debt. Many customers are affected, including 34 who had made payments for furniture, but have to wait for their orders. In particular, according to the Credit Protection Association of 1870 (KSV1870), the debts are due to dubious business with a Turkish furniture producer who delivered fake and damaged furniture. In addition, falling purchasing power and rising costs have contributed to the bankruptcy, explains . .

bankruptcy proceedings at Schmircher GmbH

Another large company, Schmirchcher GmbH based in Hollabrunn, also had to register bankruptcy. According to reports from the Kurier , a procedure was opened on the basis of a self-application at the Korneuburg regional court. The company currently employs eight people and once had a strong market position with a focus on high -quality facilities, especially for gastronomy and hotels. The insolvency causes are multi -layered, including a high loss of 425,000 euros in 2020, followed by a slowly recovering business. According to estimates, the debts amount to around 2.7 million euros that affect 80 creditors.

The Schmirchcher GmbH is in the possession of a Czech company, but it remains unclear whether the company is planned or continued. The testing of the assets of both companies is currently underway and is intended to shed light on the extent to which the claims of the creditors can be covered. The massive financial difficulties in the furniture industry throw a dark light on the economic situation and the challenges with which companies are faced with.