The leading and important light advertising company Kahmann-Frilla in Europe and is considerable in Europe is Insolvent. 77 employees are currently working in the company located in Altlengbach in Lower Austria.
According to the Alpine Officer Association (AKV) and Creditreform, a renovation process with self -administration has been opened at St. Pölten Regional Court. According to reports, the obligations are 4.9 million euros. The 261 creditors must receive a quota of 30 percent, to be paid within two years.
The reasons for sliding into bankruptcy have been enormous cost increases in recent years due to inflatoid development and falling turnover. Despite a recovery in the financial year 2023/24, the latter remained below the level of 2018/19.
Burglary since Corona
“In summary, it can be said that the fall in sales during the Corona years could not be fully compensated,” said the Vendor Association. Kahmann-Frilla announced in his own application that the continuous operation would be sought.
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.
