Family business Schuh Graf: Despite bankruptcy, continues to open!

Family business Schuh Graf: Despite bankruptcy, continues to open!

In the middle of the turbulent economic situation, Schuh Graf GmbH & Co. KG has filed for bankruptcy in Baden-Württemberg. The company, which is based in Fellbach in the Rems-Murr district and employs around 160 employees in 27 branches, remains optimistic despite this message. The branches sell under the names "Schuh-Mann" and "Quick Schuh" and remain open for the time being, so that customers can continue to browse the range. On June 3, the Stuttgart District Court approved a renovation procedure in self -administration, which enables the company to keep control of the renovation process.

according to Ruhr24 is the reason for insolvency in a weak economic situation, the increasing trend towards online trade and high inflation. In order to secure the employees in this difficult time, their salaries are secured for the next three months through bankruptcy money that is taken over by the Federal Employment Agency.

renovation plan and outlook

The managing director, Götz M. Graf, is confident about the upcoming renovation and already has a comprehensive renovation concept in the works. In addition to the goal of a long -term continuation of the company, negotiations with business partners should also take place on new conditions in order to strengthen competitiveness and market position. The provisional administrator, Dr. Tibor Daniel Braun, also sees good opportunities for a successful renovation of the company, such as the Schwäbische Post reported.

In order to understand the context, there was around 17,814 corporate bankruptcies in Germany in 2023, an increase compared to the previous year. In Baden-Württemberg, Schuh Graf lends itself into the list of companies that have to fight with the challenging market situation. This tendency is not limited to Schuh Graf, but reflects the difficult economic challenges that many companies are currently suffering from, such as Statista Show.

The next time will be crucial to observe how the market is developing and whether Schuh Graf can still get the curve. However, one thing is certain: the loyalty of the customers and the company's determination could set the course for successful renovation.