Kika/Leiner finally broke: 1,350 jobs in danger!

Kika/Leiner finally broke: 1,350 jobs in danger!

The Kika/Leiner furniture chain is on the abyss: The company withdrawn its renovation plan proposed in November and went bankrupt. According to insolvency administrator Volker Leitner, the existing inventory is now being sold. Around 1,350 employees who have been in a tense situation for a long time have been affected by this bankruptcy.

The crisis of Kika/Leiner has been extended over several years and was reinforced by three changes of ownership from 2013 to 2023. The sale of real estate to Graz Supernova and the operational business to the commercial manager Hermann Wieser in 2023, followed by bankruptcy report, was particularly shocking. During the first renovation, 23 out of 40 branches were closed, which resulted in massive job cuts. The difficulties of the chain were according to The press in cost increases, a weakening economy and the reserved willingness to buy, which together is an insurmountable obstacle to the austerity course Show furniture store chain.

The current situation brought positive news less than expected. Kika/Leiner had tried to find an investor until the end, but no additional funds could be mobilized. This setback is a striking point in the history of a company that is under constant pressure and is now regarded as failed. The employees have experienced numerous uncertainties in recent years, and now for many the question arises how to proceed. More on this in a nutshell.