Hope for Lena Hoschek: Creditors vote for renovation plan

Hope for Lena Hoschek: Creditors vote for renovation plan

Wien, Österreich - The star designer Lena Hoschek can breathe a sigh of relief! In October 2024, your GmbH had to initiate insolvency proceedings at the Vienna Commerce Court due to financial difficulties. However, on January 8, 2025, the creditors approved a comprehensive renovation plan that provides for a repayment of 21 percent of the debt. Of the 231 creditors, around 5.5 million euros in claims had registered, the majority of which were recognized. Already seven percent of this sum are paid out as a barquote, while the remaining 14 percent should be paid in two rates within the next two years, as the Kurier reports.

The financing of the renovation plan stipulates that the operation will be continued. Targeted sales and marketing measures should help to achieve the urgently needed sales increases. Lena Hoschek was enthusiastic about the consent of the creditors: "This consent is an overwhelming proof of trust and shows how strong the support of our partners is. I am deeply grateful for the great cooperation with everyone involved - from our employees to our suppliers." Despite the challenges, such as the increase in costs and changes in buying behavior, the company's operational performance is secured by the employees, continues Hoschek.

future of the company

The difficult framework conditions, which were reinforced by the economic uncertainties and the continuing delivery difficulties, leave their mark. The loss in the balance sheet year 2022/2023 was 145,000 euros, the liabilities added up to 3.578 million euros. Nevertheless, the company remains optimistic and is now looking for investors to remain stable in the long term. Talks with potential partners run, and Hoschek is confident: "We are confident that we can sustainably secure the future of our company through targeted cooperation and a strong foundation." The Today also reports that after the renovation plan has been successfully implemented, the company will be debt free.