The origin of the fourth generation to go back until 1934 – now behind the continued existence of the Goldwelt Jeweliere & Uhrmacher GmbH is a question mark. After the end of the end of nine branches of the jewelry dealer, which is hidden in the bankruptcy, more stores are probably closed.
How are the Goldwelt Jeweliere & Uhrmacher GmbH from Linz on? The family business in the fourth generation has been a renovation case since mid -January. Since then, nine branches have been closed, including those in Lentiacity in Linz-Orfahr, in the SCW in Wels and in the Varsena in Vöcklabruck. The Gold World-Business in Landstrasse in Linz has also been closed since then and is literally orphan. A grid protects the front door.
More than 3.4 million euros recognized in requirements
In the course of the first meeting of creditors, Massamaster Christopher Schuster now achieved a first interim assessment. 3,426 million euros from the claims have so far been recognized and the company has shrunk to currently 20 employees. According to KSV1870, the Goldwelt Jeweliere & Uhrmacher GmbH had counted 60 employees when opening bankruptcy.
Discussions with interested parties that can go on in the background. Continuous operation. The sale of goods is still active, but there are apparently further closures of the store. Four branches are currently still open: those in the plus in Pasching, in the city center of the city of Arkaden in Klagenfurt, in December in Innsbruck and in Europark Salzburg.
In any case, to secure the financing of the renovation plan, a little more time remains than originally thought. The renovation plan day at the Linz Regional Court was moved from the end of April to 27 May. The creditors are offered a rate of 20 percent.
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.
