Only half a year ago, shoe retail chain Reno was taken over by a new owner. Now Reno Schuhcentrum GmbH has filed for bankruptcy. 1100 employees are affected.
As the “WirtschaftsWoche” reports, a corresponding procedure was ordered on March 28 by the competent commercial court in Hameln (Lower Saxony). Not much information is known yet, the appointed trustee should not yet receive an overview of the financial situation of the shoe giant, which has 300 branches throughout Europe.
Online store currently closed
The top priority would be the continuation of business operations and prospects for affected employees, it said. The company’s website states – also for customers in Austria: “Our online shop is currently unavailable. We ask for your understanding and will be back soon with news for you!”
Shoe retailer in crisis
Recently, two other major competitors of shoe stores were already affected. Goertz filed for bankruptcy in September 2022, followed by Salamander in December. In recent days, JH Pölking GmbH & Co. KG hit by the crisis due to the corona pandemic.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
