Two weeks after it became known that the Salzburg textile manufacturer Schneiders is bankrupt and will close, the next bankruptcy procedure is imminent.
The Salzburg Regional Court opened today, Wednesday, about the assets of “Habsburg Trikotmanufaktur GmbH”. This has been announced by the Credit Protection Association of 1870 (KSV).
Based in Salzburg-liefering, the company was previously responsible for the distribution of the Habsburg model line as part of the textile manufacturer Schneiders and is a 100 percent subsidiary of the latter. The closure of Schneiders prevented the subsidiary from continuing sales.
40 creditors and five employees affected
The debtor also operates a direct sales branch in Bernau am Chiemsee. 40 creditors and five employees are affected. According to KSV, the debts amount to approximately 2.8 million euros. Taking into account the capital, the KSV assumes a debt of approximately 460,000 euros.
The first creditors’ meeting and report meeting is scheduled for June 28.
The company received about 974,000 euros in Covid aid
In 2021 and 2022, about 916,000 and 58,000 euros in Covid aid went to the “Habsburg clothing manufacturer” and almost 5.3 million to the parent company Schneiders. KSV country manager Aliki Bellou says: “We are checking that the Covid grants have been used appropriately, which we assume from today’s perspective.”
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.
