The wash dealer Palmers submitted bankruptcy on Thursday. It was now known that no other branches could be closed than the 20 already announced. Sales are not planned either, it is said.
As reported, the company had fired at the Labor Market Service (AMS) at the beginning of February. Palmers has 515 employees in 113 branches. They have not received any money since January. The outstanding salaries will be paid shortly. “It doesn’t take months in Austria, but weeks,” said Gerhard Weinhofer of credit form.
The washing dealer is currently looking for investors to get a renovation procedure by self -administrator. “You hear from a Chinese and a Turkish investor,” said Weinhofer. More details will be announced at the beginning of March during the creditor meeting. The management will probably work with the renovation under the renovation of Maria-Christina Nau.
The obligations were specified in the bankruptcy application with 51 million euros, the assets with 11.5 million euros. If you add the secure outstanding, you will receive liabilities of around 69 million euros.
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.
