1096 Kika/Leiner employees have been registered with the Public Employment Service (AMS) so far. According to curator Volker Leitner, more employees from logistics and central administration will follow at the end of September.
Salaries are guaranteed by the Insolvency Payment Protection Fund, Leitner said. This also applies to special payments. Curator Volker Leitner should focus primarily on the executive company. A second receiver, the Viennese lawyer Stephan Riel, will investigate possible claims against shareholders and bodies and any third parties for the period before the sale.
Two administrators
Riel was already involved in the insolvency proceedings surrounding Alpine Bau. According to the European Alpine Association of Creditors (AKV), the second administrator has been appointed, among other things, “so as not to jeopardize the time-consuming and costly investigation of possible claims and the normal course of the insolvency proceedings”. judicial power.
As reported, investor Hermann Wieser filed for bankruptcy barely two weeks after the sale of the two furniture stores by the Signa Group. It was then announced that Kika/Leiner had been making losses for years.
The Signa Group also recently sold a high-rise project in Vienna for EUR 24.5 million (including the land). It was bought by real estate developer UBM. He announced on Wednesday that the “Donaumarina Tower” with a height of 113 meters will be built using a wood-hybrid construction method and “by its current status, will be the tallest wooden skyscraper in the world”. 32 upper floors and four underground floors on 44,350 square meters.
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.
