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NRW rejects guarantee for fashion discounter with 18,000 employees - Schalke 04 got the green light 

2021-03-08T17:07:48.266Z


The negotiations between the fashion discounter Takko and the state of North Rhine-Westphalia about a guarantee have failed. The shock is deep at the fashion chain.


The negotiations between the fashion discounter Takko and the state of North Rhine-Westphalia about a guarantee have failed.

The shock is deep at the fashion chain.

Telgte - The negotiations of the fashion discounter Takko with the state of North Rhine-Westphalia over a guarantee of several million euros have failed.

A company

spokeswoman

confirmed this on Monday

Merkur.de

*.

It was said that one had to “try another solution to ensure the continued existence of the company”.

The interim boss and chairman of the advisory board of Takko Fashion, Karl-Heinz Holland, was deeply dismayed by the decision on Monday: “I am more than disappointed that the state of North Rhine-Westphalia is not supporting us in this situation.

We got into this situation through no fault of our own and in the second lockdown alone we lost almost 130 million euros in liquid funds.

As a profitable company, the guarantee would have given us room to breathe again in order to cover operating costs in the short term. "

Takko: "Conditions cannot be met"

According to Takko, the renewed lockdown put the company in an extreme economic situation and cost ten million euros week after week.

In view of the dramatic situation, the discounter from Telgte near Münster started talks about a state guarantee in mid-February.

But at the weekend the end came.

According to Takko, the conditions of the auditing firm PwC, commissioned by the state and federal government, were “impossible to meet” even after intensive negotiations.

In view of the severe economic stresses caused by the Corona * pandemic, numerous large companies such as Adler or Pimkie had recently got into massive difficulties.

In order to get some air at short notice, many companies had applied for a guarantee, including the ailing Bundesliga club FC Schalke 04. According to informed circles, the club threatened with relegation is said to have received a guarantee of 31 million euros.

Takko: Black numbers in the pre-corona year 2019

On Monday, Takko reopened around 1,000 of its 1,200 branches across Germany for the first time.

The company, founded in 1982, employs around 18,000 people, 14,000 of them in Germany.

In the pre-Corona year 2019, the company said it was in the black.

* Merkur.de is part of IPPEN.MEDIA.

Source: merkur

All news articles on 2021-03-08

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