Insolvency proceedings at parent company of impressions opened
After Strauss and Butler filed for bankruptcy (we reported), there are now rumors about another out of a popular fashion and living company. Because: The district court Pinneberg has recently opened a preliminary insolvency proceedings for the Creatrade Holding GmbH. The holding company includes lifestyle brands such as the Impressionen and Conleys catalogs as well as the promotional products distribution for major customers Schneider Versand GmbH. Does this mean the end for the brands and the workplace of around 640 employees?
Questions about questions that are currently laying like a heavy dark cloud over the holding.
What's next for Schneider, Impressions and Conleys?
Initially, the concentration in the insolvency proceedings is on the Schneider Versand. "The application to open insolvency proceedings was required, after a refinancing of the group could not be finalized surprisingly," explains. Marc Breitfeld, one of the two managing directors of Schneider Versand GmbH according to Pressebox.de. For the next three months, salaries should be secured and business operations should continue as smoothly as possible.
And what about the affiliate impressions and Conley? "Impressions and Conleys are solvent and regularly publish their catalogs." Satisfied customers are loyal to the brands and various investors have already signaled interest in the group, "explains Thomas Schulz, spokesman for the parent company's provisional administrator, on request.
The fact is: If you look at young brands such as Westwing, Zalando and Co., the catalog brands have received great competition. We'll keep you up to date!
