Creditors stunned
Salamander successor Schuhquadrat in bankruptcy
The successor company to shoe retailer Salamander/Delka, Schuhquadrat GmbH, has gone bankrupt. This was announced by the creditor protection association KSV1870. No figures were available on debt or affected employees, as the insolvency proceedings were opened following an application by creditors. Thomas Steiner was appointed as insolvency administrator, according to KSV.
The Salamander and Delka branches had already been closed the previous year, and reorganizer Rainer Schrems brought the German retailer Görtz on board, which took over the old branches. However, a lengthy legal dispute is now brewing with the Germans, as the company has never paid the agreed takeover price for the stores or any rents due, according to the accusation made by the law firm Singer & Kessler Rechtsanwälte, which represents Delka and Salamander.
"Creditors are stunned"
"We, the creditors of Delka/Salamander and many employees, are stunned," said Rainer Schrems in the press release. "I have been in the restructuring business for many years, but I have never experienced anything like this."
The report and examination hearing for the bankruptcy proceedings was scheduled for November 18, and creditors have until November 4 to register their claims, according to the creditor protection association.
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