Insolvency of the brothers Gauer Group: Hammer specialist markets remain open!

Insolvency of the brothers Gauer Group: Hammer specialist markets remain open!

The brothers Schlau Group, known for their over 200 hammer stores, has surprisingly filed for bankruptcy. This message causes excitement in the industry and affected municipalities. The bankruptcy was applied for at the Bielefeld District Court and takes place in self -administration, which means that the company management remains the responsibility in order to advance the renovation of the company. The responsible bodies have already approved the application and approved the self -administration, reports WAZ .

The hammer special markets, including the branch in Gamsen, remain open for the time being and continue to provide their services. The business operations are to be continued without interruption, and the employees will be secured by August on bankruptcy money from the Federal Employment Agency. A total of around 3,900 employees are affected by bankruptcy, which is why securing salaries for the next few months is of central importance. The company faces structural challenges that require a comprehensive realignment. Details on the exact cause of the bankruptcy have so far failed to see in the Gamsen branch, which refers to the headquarters.

renovation in self -administration

The group has already created a concept for the renovation that aims to secure the long -term future of the company. Dr. Yorck Streitbörger will act as a general representative, while Prof. Dr. Dirk Andres was appointed as a preliminary administrator to monitor the management. According to n-tv there are already the first financing concepts that should facilitate a gentle transition phase.

The company's company history goes back to 1921 and began as a color large act in Minden. They later developed into one of the most famous chains for interior equipment and home textiles. The first hammer branch was opened in Bremerhaven in 1976. The sister brand "Schlau" also operates numerous craftsman markets that are also affected by the bankruptcy. The company is not alone; The bankruptcy figures in Germany rose in 2023. A total of 17,814 corporate insolvencies were recorded, an increase compared to the previous year, describes Statista .

These developments also make a lightly on the economic situation of many companies in Germany. Although bankruptcies are a challenge, a fair balance between over -indebted debtors and creditors is the goal of insolvency proceedings. Insolvency law gives companies the opportunity to restructure themselves and find new ways in order to be able to operate successfully on the market.

whether the brothers Gauer Group has the necessary hand will be shown in the coming months. For the time being, the focus is on the Gamsen branch and the other hammer markets that, despite the turbulence, continue their business and continue to offer their customers smart solutions for the four walls.