The furniture store Kika/Leiner apparently does not want to part with some locations. Director Reinhold Güterbier on Sunday denied the corresponding media reports from the previous day.
“Due to the circumstances, some stores are no longer suitable to meet our requirements for a modern furniture store,” the newspaper “Der Standard” previously quoted director Güterbier as saying. There it was also said that four to fifteen of the 42 locations were for sale.
However, this is not the case, said Kika/Leiner director Gueßbier on Sunday: “All furniture stores will continue to exist.” Even the kitchen studios “Eskole” will not be closed, but, on the contrary, will continue to expand. “The current situation is of course challenging, but we are doing everything we can to keep the company stable.”
Search for qualified employees in progress
The company is currently investing in IT and online and is also looking for qualified employees. As of September 30, 2021, Leiner & Kika had 3,750 employees and a turnover of 740 million euros. With a balance sheet loss of almost 84 million euros, the company was not far from break even, according to Gütebier.
In recent years, however, the company has “improved dramatically”. The Tyrolean real estate investor Rene Benko has been the owner for about four years now. His Signa group would like to say goodbye to some Kika/Leiner branches. Benko is currently fighting on multiple fronts. For example, his German gallery went bankrupt for the second time in a short time.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
