“Knowing that the working relationship ends, but giving everything back – that was a huge burden for the employees,” says Wolfgang Gerstmayer. The trade union member feels at the Kikaleiner -employees who have also had to deal with customers who had no grip on the rabbing battle in recent weeks. A fact that is increasingly common.
It was advisable to death: after Kikaleiner had submitted a renovation application in mid -November 2024, they could hope for a rescue. At the beginning of December it was clear: nothing works anymore! Because no investor could be found, the bankruptcy procedure – today, Wednesday, is the last opening day of the store, then the big discount struggle of the past few weeks is over.
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.
