Million bankruptcy in Lower Austria: Furniture dealer Schmirchcher insolvent!

Million bankruptcy in Lower Austria: Furniture dealer Schmirchcher insolvent!

In a dramatic turning point for the Austrian furniture industry, Schmircher GmbH from Lower Austria has filed for bankruptcy. The historical furniture brand, which specializes in high -quality facilities and also fulfilled international orders, had to initiate bankruptcy proceedings at the Korneuburg regional court last Friday, as oe24.at reported. The company has debt of around 2.7 to 2.8 million euros, which affect around 80 creditors and eight employees.

The Schmirchcher GmbH, known for their luxurious equipment of restaurants and hotels, has an eventful history. Founded in 1948 as a small construction art lock, the company under the direction of Ernst Schmirchcher with almost 50 years of international expansion. Despite a short upswing in 2021 and 2022, the company has been plagued by financial difficulties in recent years. Several losses, including a loss of 425,000 euros in 2020, brought the company to the edge of Ruin, such as Today.at summarized.

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