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Corona “broken neck” for Mister Minit - well-known chain closes all branches in Germany

2021-03-06T05:19:52.837Z


"This is a bitter moment for everyone involved": In the Corona crisis, another company closes down in this country.


"This is a bitter moment for everyone involved": In the Corona crisis, another company closes down in this country.

Düsseldorf - Mister Minit closes its branches in Germany *.

The reason: The buyer of the company in insolvency proceedings surprisingly withdrew from the contract.

This was announced by the law firm Brinkmann & Partner in Düsseldorf.

Spiegel.de

had previously

reported on it.

The shoe repair and service provider Mister Minit was founded in Belgium * in 1957.

The company still had around 150 operations in this country - according to the report, the market had not developed well before the Corona * crisis.

Mister Minit in the Corona crisis: filing for insolvency at the Düsseldorf District Court

At the end of April 2020, Mister Minit filed for insolvency at the Düsseldorf District Court, according to

Spiegel Online

, the insolvency proceedings under self-administration began

on August 1, 2020. The law firm now wants to examine legal steps due to the withdrawal.

"We have tried everything to achieve a long-term perspective for the workforce and the company," said Till Buschmann of the law firm Bryan Cave Leighton Paisner LLP, according to the firm's announcement.

As a general agent, he closely accompanies the insolvency proceedings.

Insolvency in the Corona crisis: "The market will consolidate again"

“The combination of ongoing lockdown * and - even for self-administration - inaccessible state aid funds ultimately broke the neck of our efforts.

The market will continue to consolidate. "

"This is a bitter moment for the workforce, the creditors and all those involved who have worked with all their might for the preservation of Mister Minit," said the trustee Dr.

Gregor Bräuer.

“The factual situation created by the surprising withdrawal of the investor is irreversible.

It will now be a matter of examining all legally available options and using them with full consistency. "

A bridging of the lockdown * with state aid would be denied to Minit Service GmbH as a company in insolvency, it said in the announcement.

Settlement options would now be determined.

After the latest resolutions of the Corona summit, German retailers generally have their backs to the wall.

The shop dying has been going on for a long time, said the managing director of the HDE trade association, Stefan Genth, most recently

Merkur.de *.

(

frs

)

* Merkur.de is an offer from IPPEN.MEDIA

Source: merkur

All news articles on 2021-03-06

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