Schuh Graf reports bankruptcy: Hope for 160 employees in Stuttgart!

Schuh Graf reports bankruptcy: Hope for 160 employees in Stuttgart!

Geislingen an der Steige, Deutschland - The Baden-Württemberg family company Schuh Graf, known for his branches under the names "Schuh-Mann" and "Quick Schuh", has filed for bankruptcy. On June 3, 2025, the Stuttgart District Court approved a renovation process in self -administration, which gives the company the opportunity to take control of its renovation itself. This enables a structural realignment, while all 27 branches, including 26 in Baden-Württemberg and one in Hesse, remain open and buy customers, such as Ruhr24 report.

In a remarkable step, the Federal Employment Agency secures the salaries of around 160 employees for a period of three months through bankruptcy money. This gives employees some security in a time uncertain for the company. Managing Director Götz M. Graf is optimistic about the planned reorganization and emphasizes the importance of constructive discussions with business partners to continue the business in the long term.

economic challenges

The difficult economic situation hit Schuh Graf strongly. High inflation, a weak economy and, last but not least, the increasing dominance of the online trade have led to falling sales in the inpatient shoe and fashion trade. Consumers' retention of buying has contributed to the development of these difficulties. As part of the renovation measures, the company plans to carefully check and optimize the sales and cost structure as well as the profitability of the branches, as reported Pluta.

Another indication of the tense situation in retail are the nationwide insolvency figures. According to Statista, there were a total of around 110,200 bankruptcies in Germany in 2023, including 17,814 corporate insolvencies, which is an increase compared to the previous year. The service sector, which is 59% of the bankruptcies, is particularly affected.

The future in view

The provisional administrator, Dr. Tibor Daniel Braun from the Illig Braun Kirschnek law firm leads the restructuring process and pursues the goal of maintaining the company in the best interest of the creditors. In this context, new conditions are also negotiated with business partners in order to create a solid basis for the future of the company. Steffen Beck from Pluta Rechtsanwalts GmbH leads the renovation measures and thus brings a lot of experience in corporate renovation.

The situation of Schuh Graf is both challenging and full of opportunities for a realignment. The coming months will be crucial to see whether the company succeeds in exhausting the crisis and gaining a foothold in the market.