Traditional fashion house is pencil before real estate: what now?

Traditional fashion house is pencil before real estate: what now?

Tulln, Österreich - A dramatic change is paved in the Wilhelm Stift fashion house in Tulln. The traditional company, which has been rooted in the region for five generations, has initiated bankruptcy proceedings. As Exxpress.at , the fashion house was strongly of the economic turbulence of the past few years, including the covid-19 pandemicism and persistent inflation. pulled. Lockdowns had to stay closed for a total of 200 days, which led to a significant loss of sales. In addition, there are a shortage of skilled workers and extreme weather events such as floods.

The management under Nina Stift had to admit that the financial burdens strained the operation over the dimensions. "Even our private reserves are no longer enough to continue the business," she said. A total of 135 creditors are affected, the claims of which amount to 3.79 million euros, and the company faces loans of 6.8 million euros. Despite these challenges, the company plans to keep the main business open until Christmas season in order not to be completely abandoned by regular customers and long -time employees. The five other branches, on the other hand, are immediately closed, including the comma store in Klosterneuburg and the Palmers business in Mistelbach. This decision was made because a profitable continuation does not appear to be realistic. This is also confirmed by the timely adaptation of the sales room in the former fashion house Stift to open the potential for a transition, such as noen.at reported.