As of: February 1, 2024, 11:15 a.m
By: Fabian Hartmann
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Wolfgang Grupp led the textile manufacturer Trigema for 50 years.
In view of increasing bankruptcies, he demands more responsibility from entrepreneurs.
Burladingen – High energy prices, a comparatively weak economy and the recently high inflation are causing corporate insolvencies to increase in Germany.
The increased insolvencies affect all sectors, as the
information service of the German Economic Institute
(IW) reported in mid-December (December 19, 2023).
Accordingly, around 17,400 companies in Germany filed for insolvency by the end of 2023.
Compared to the previous year, this is an increase of almost 20 percent.
Last year was also the second year in a row with an increasing number of corporate bankruptcies.
And the IW also expects a further increase in insolvency cases in the near future due to the weak economy.
In view of the increasing number of insolvency cases in Germany, the former boss of the textile manufacturer Trigema, Wolfgang Grupp, once again felt compelled to comprehensively criticize other large entrepreneurs.
In particular, he took aim at the insolvency of investor René Benko: “When I see that bankruptcies have increased by 26 percent last year and one Benko gets 14 billion in loans and makes one bankruptcy after another, then I understand that that people are hammering on the rich,” explained the
Spiegel
top-level interview.
Grupp demands more liability from entrepreneurs in the event of insolvency
In this context, Grupp also called on other entrepreneurs to take on more responsibility and liability in the event of financial decline: “It cannot be the case that people collect while things are going well and then give up and then the taxpayer has to step in,” added Add group.
The former Trigema boss reports that he himself has already been contacted by an insolvency advisor.
The reason for contact was that Grupp and Trigema were in an “unsustainable industry”.
Grupp was advised by that insolvency advisor to file for bankruptcy.
This could help increase his wealth.
Ex-Trigema boss Wolfgang Grupp and Elisabeth Grupp © IMAGO/Pervin Inan-Sertas
“If something like this is possible in a constitutional state and this insolvency law firm is not dissolved immediately, then I am sorry!
We have to ensure law and order,” responded Grupp.
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After the end of Grupps – Trigema is facing a new corporate era
The 81-year-old Grupp handed over the management position at Trigema to his two children at the beginning of the year.
He had led Trigema in Burladingen in the Zollernalb district since 1969.
The former Trigema boss is known throughout Germany because he often couches his opinion in sharp criticism and thus offends.
Many consider Grupp to be an old-school entrepreneur who is known for his conservative management style.
As a registered merchant, he was personally liable for Trigema with his entire assets for decades.
However, he will probably not withdraw from the business completely, but will instead advise his children on the management of the company.
Since the end of Grupp's management, Trigema has found itself at the beginning of a new corporate era.