Fox house Fuchs in the crisis: renovation or final end?

Fox house Fuchs in the crisis: renovation or final end?

The bankruptcy of the traditional company Fuchshaus Fuchs caused great excitement in the Mürztal. The owner Ronald Fuchs registered bankruptcy in November 2024 and applied for a renovation process without self -administration. According to krone.at , Fuchs strives to operate over 140 creditors with a quota of 20 percent, whereby a decision is to be made on February 26, 2025. Despite the difficult financial situation, Fuchs is optimistic and emphasizes: "There is no alternative." The company, which has existed since 1914, has already taken the first steps to renovate.

difficult economic framework conditions

According to information from the Alpine vendor association (AKV) , a total of 41 employees are affected by the bankruptcy. With liabilities of around 3.3 million euros, the fashion house struggles against declining sales caused by the Covid 19 pandemic as well as the increased inflation and competition by online trading. Among other things, the required restructuring measures include the closure of non -profitable business areas and a comprehensive reduction in costs to get the company on course.

The renovation process could also include the creation of a new business model, including the sale of non -operational assets in order to cover the running costs. The insolvency administrator Dr. Helmut Fetz will lead the litigation and a first examination of the claims has already taken place. It remains to be seen whether Ronald Fuchs can save his company - the time is pushing, but his will to continue.