Family business Oelschlegel closes after 117 years - a sad end!

Family business Oelschlegel closes after 117 years - a sad end!

Nürnberg, Deutschland - The traditional Nuremberg family business Oelschlegel closes its doors after 117 years. The company, which specializes in colors, wallpaper and floor coverings, ended its business due to considerable market developments and a decline in demand. The owner family, who managed the fourth generation to operate, announced that the closure will take place at the end of the year. A clearance sale is already underway, and on December 31, the company will be officially discontinued, as Infranken.de

The managing director Petra Andreae said that the competition had increased significantly by hardware stores and online retailers, which led to the decision. In addition, a personal loss came into play: the death of an employee also had an emotional influence on the future of the company. Daughter Lena Andreae reflected that the market had not been adequately adapted and emphasized the difficulties of finding new niches. "A small shop like this is no longer up to date," says Petra Andreae. Remarkably, no bankruptcy proceedings have been initiated; The decision was made out of free will.

crisis in family businesses

The closure of Oelschlegel is part of a larger trend: This year, numerous other family businesses in Franconia also had to announce the end of their history. Historically, family businesses are an important part of the German economy. According to a report by capital.de , many of these companies are over 100 years old and shape the country's economic landscape. Nevertheless, they are increasingly under pressure to adapt to modernized market developments and increased competitive environment.