Lena Hoschek: Insolvency and renovation - Future of fashion marked!

Lena Hoschek: Insolvency and renovation - Future of fashion marked!

The well -known fashion designer Lena Hoschek from Graz is fighting with financial difficulties and had to register bankruptcy last October. The hardships of Coronavirus pandemic, together with ongoing delivery difficulties, forced the traditional company to initiate a renovation process at the Vienna Commerce Court. As reports orf.at , a renovation plan was accepted with a quota of 21 percent by the creditors, which takes the first step to stabilize the company.

On Wednesday, both the exam and the decisive renovation planning day statute were carried out. A total of 231 creditors have registered claims of around 5.5 million euros, of which the insolvency administrator has declared almost the entire amount to be justified, as reported. The preliminary payment to the creditors should take place within 14 days of the legal confirmation of the plan, followed by further payments within the next two years, which should lead to the liberation of the company from its financial legacy issues.

continuation of the company in focus

Regardless of the challenging circumstances, Hoschek remains optimistic and wants to continue your company. Their clear goal is to secure the jobs of the 60 employees and to lead the brand to a successful future. It is important to maintain the previous business relationships and to emerge strengthened from this process. Lena Hoschek emphasizes that the necessary measures to stabilize the company are already being developed and that they are determined to do everything to successfully implement the renovation. In your brand, the philosophy of "Slow Fashion" and sustainable production methods are in the foreground, which should also be continued after the renovation.