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Fashion retailer: rescue negotiations at Takko failed for the time being

2021-03-08T08:46:48.966Z

The fashion chain Takko needs money to bridge the corona crisis - but loan negotiations with the state of North Rhine-Westphalia have apparently failed.



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Takko branch

Photo: Guido Kirchner / dpa

The negotiations between the fashion discounter Takko and the state of North Rhine-Westphalia about a guarantee for several million euros have "de facto failed", according to the company.

Takko must "now try to find another solution to ensure the continued existence of the company," it said in a message from the company on Monday.

The current shutdown has brought the "perfectly healthy company" into an "economic extreme situation" before the pandemic.

The last applicable restrictions would have "cost Takko ten million euros week after week," said the company.

Interim CEO Karl-Heinz Holland said: "I am more than disappointed that the state of North Rhine-Westphalia does not support us in this situation." The guarantee would have given the company "breathing space again to cover operational costs in the short term."

It wouldn't have been more than that. ”According to Takko, the conditions of an auditing firm commissioned by the state and federal government could not be met.

Trade hit hard by pandemic

A reaction from the state government was initially still pending.

Numerous companies have applied for a guarantee since the corona pandemic.

The most prominent so far was that for Schalke 04. According to the Bundesliga club from the summer, the guarantee had been approved.

The amount was not officially announced, but it was reportedly around 31 million euros.

Takko has around 2000 branches in 17 countries.

The company is based in Telgte in the Münsterland region and employs around 18,000 people, including around 14,000 in Germany.

The retail sector in Germany has been particularly hard hit by the corona crisis because the shops have had to remain closed for months.

Even before the pandemic, numerous fashion chains had financial difficulties.

At Takko, things are different, according to the company's management: 2019 was the best business year in a decade.


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beb / dpa

Source: spiegel

All business articles on 2021-03-08

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