Palmers before the out: Creditor today decide on the future!

Palmers before the out: Creditor today decide on the future!

Innsbruck, Österreich - This day, May 20, 2025, the laundry brand Palmers is facing a crucial turn. As 5min , a believer meeting takes place to decide on the company's renovation plan. Palmers, which was founded in 1915, has established itself as one of the best -known laundry brands in Austria over the years. However, the company is now faced with the reality of bankruptcy.

A renovation process with self -administration was opened on February 13, 2025. In the meantime, the vote on the renovation plan was first covered, which increased uncertainty about the future of the company. So far, 1,543 creditors have registered claims of EUR 76,802,051.15, of which so far only 17,015,729.04 euros have been recognized.

takeover plans and financial challenges

To save Palmers, several potential investors, including a Turkish textile company, a private equity company and a Swiss investment fund, have expressed their interest. These discussions are underway, according to the renovation under the renovation of Maria-Christina Nau, but no concrete details about the investors were published. According to Kleine Zeitung urgently needs fresh capital to repay his debts.

The company history and the market

Palmers was founded in 1914 by Ludwig Palmers in Innsbruck and remained family -owned until 2004 before it came into the hands of financial investors. In 2015 the company was taken over by the Graz brothers Luca and Tino Wieser and Matvei Hutman. However, the company not only has to deal with financial challenges, but also sees itself in competition with other actors on the market who have taken little consideration for classic laundry stamps in recent years.

The current Situation is not unique; Over the past few years there has been an increase in bankruptcies in the industry. According to the data of Statistics Austria have risen in the areas of industry, construction and trade since the first quarter of 2021, which has risen to the continuous challenges in business indicate. Such trends make it particularly difficult for companies like Palmers to assert themselves in a changing market.

The coming hours and days will be crucial for Palmers and the 1,148 claims that refer to 515 employees affected. The decision of the creditors' meeting could pave the way for a possible rescue or result in a final closure of the company.