Well-known luxury company is insolvent: branches in Germany affected after bankruptcy. Well-known jeweler is insolent: branches of the traditional company are also affected by bankruptcy in Germany.
183 creditors now made claims because the company had assets of around 613,000 euros and was now faced with a mountain of debts of almost eight million euros. Changing conditions in retail as a reason for bankruptcy: “From 2015 onwards, the framework conditions for branch retail changed, especially due to digitalization,” explains the Credit Protection Association.