Traditional shoe dealer Schuh Graf in Fellbach reports bankruptcy

Traditional shoe dealer Schuh Graf in Fellbach reports bankruptcy

Fellbach, Deutschland - Another traditional company in the retail of Baden-Württemberg faces an uncertain future: Schuh Graf, the well-known family business from Fellbach, has filed for bankruptcy. The Stuttgart District Court approved a temporary bankruptcy proceedings in self -administration on June 3, and it seems that the challenges for the shoe trade in the region stop.

affected by the bankruptcy are 27 branches, 26 of which are located in Baden-Württemberg and one in Hesse. Around 160 people are employed in these branches. The operation will continue despite the difficult situation; All shops remain open and customers can shop as usual. The salaries of employees are secured for the next three months by the bankruptcy money provided by the Federal Employment Agency reports href = "https://www.ruhr24.de/schuh-kette-insolvenz-insolvent-plite-fillialt-baden-baden-wuerttemberg-finance-9379007.html" TARGET = "llank"> Ruhr24

reasons for bankruptcy

The causes of bankruptcy are diverse and reflect the current mood in the industry. The weak economy, high inflation and the ongoing trend towards online trading are increasing inpatient retail. The renovation team under the direction of Steffen Beck from Pluta Rechtsanwalts GmbH will jointly develop a strategy for the realignment of the company with managing director Götz M. Graf. Talks with suppliers and business partners are already underway to rescue the company to read in detail here .

Overall, the Schuh Graf range includes shoes under the name "Schuh-Mann" and under "Quick Schuh". The bankruptcy registration comes at a time when other companies in the shoe industry are under pressure. The Deichmann subsidiary Onygo recently announced bankruptcy, which further reinforced the concerns about the future of inpatient shoe trading in Germany.

the perspective

The company Schuh Graf has been managed by the Graf family for three generations and is an integral part of the Baden-Württemberg retail. Managing Director Götz M. Graf is optimistic that a positive turn is possible through the self -administration and the desired renovation concept. The support of the renovation expert Dr. Tibor Daniel Braun set to find a reliable way out of the financial difficulties leads picture .

The situation around Schuh Graf is part of a larger trend: in 2023 17,814 corporate insolvencies were recorded in Germany, which is an increase in comparison to the previous year. In particular, the service industry has been under pressure, while in recent years the insolvency cases have increased continuously Statista gives an overview of the current numbers.

for Schuh Graf we can only hope that targeted measures and a strong team will sustainably renovate the company and the future can be provided on a safe feet.