At the end of January, the curtain finally falls on the bankrupt furniture chain Kika/Leiner. All locations that are still open must be closed. In December it was said that individual branches could remain open in February for “remaining stock sales”.
In just over three weeks, an era in the furniture trade will come to an end. On January 31, all Kika/Leiner branches that are still open will close their doors. Sales of the range, which started in December, will continue until then. Business seems to be going well and the warehouses are slowly emptying. For this reason, curator Volker Leitner has now decided to permanently close the company at the end of January.
The original plan was for individual locations to remain open in February for “sale of remaining stock.” That’s off the table now. By the end of December, all restaurants in the individual furniture stores were closed.
Customers with a deposit have already been informed
Anyone who ordered a kitchen or a bedroom had to make a down payment. The bankruptcy made many people worry about their money. Up to 20,000 deposits were reported here. The curator has now informed all those involved whether the order will still be executed.
If this is not the case, the only option is to report the claim to the curator. You have until January 10 to do this. However, a few thousand customers were lucky and were able to benefit from the so-called gravel protection. Your deposits were virtually guaranteed by Kika/Leiner. You will receive (almost) the entire prepaid amount back.
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.
