Apparently it is an end of installments. After the branch network of the Goldwelt Jeweliere & Uhrmacher GmbH from Linz had already shrunk from 13 to four branches at the end of January, there was now the next bloodshed. Three more locations of the family business, which was closed in the bankruptcy, were closed.
A visit to the Goldwelt Jeweliere & Uhrmacher GmbH website suggests that an update has apparently been forgotten in the hustle and bustle of recent weeks: orders are still referred to a break around the turn of the year, and orders could be sent again from January 7.
At the beginning of the year, the world of the jewelry trader from Linz still seemed fine. On January 14, however, the renovation process was opened through the family business, the history of which goes back to 1934.
The recognized claims were 3.4 million euros
Under the leadership of mass manager Christopher Schuster, painful cuts have been made in recent weeks. In the first step, nine branches of the company were closed in January. During the first creditor meeting at the regional court in Linz, not only reported by recognized claims of EUR 3,426 million, but also that further store closures were being processed.
In the Holy Week, nails were now made: the closure of the branches in the Europark in Salzburg, in the shopping center of the city of Arkaden in Klagenfurt and in December in Innsbruck were ordered and confirmed by the court.
Only open the branch in the plus point
This means that only the branch in the plus point in Pasching remains open, where the sale of the goods is active. At the same time, Schuster is looking for a buyer for the business equipment and the remains of jewelry, watches, batteries and spare parts. Offers must be in writing on 5 May.
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.
