In times of recession, bankruptcies and layoffs, it is often forgotten that there are also local companies that are flourishing and expanding: the Fussl Modestrasse retail chain based in Ort im Innkreis (Upper Austria) is one such company – and is currently growing in Bavaria.
“We are doing well, our results are higher than last year and we are very satisfied,” says co-owner Ernst Mayr, who runs the company together with his brother Karl Mayr. Because demand is stable, Fussl Modestraße GmbH is now picking up speed and wants to expand massively in Bavaria. Ernst Mayr also shows what the ingredients for success are. He reveals the secret of how an Austrian company can survive against international chains and online competition. And he knows why things ended badly for dealers like Esprit and Kika/Leiner.
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.
