The shoe business ARA sends its 2 retailers Salamander and Klauser into bankruptcy, as the Airshafts Week reports.
The 2 companies are now to be restructured in a protective shield treatment.
The factor for the bankruptcy is for that reason sunken sales as an outcome of Corona pandemic and the war in Ukraine.
Because of inflation, consumers are more hesitant to buy.
In addition, both business need to deal with the increasing energy costs.
bankruptcy at Salamander and Klauser affects around 950 workers
An overall of 93 branches with around 950 full-time workers are impacted by the bankruptcy.
Wages are protected for January and February.
It is not yet understood whether staff members will be released afterwards.
ARA stresses that only the retail service of Salamander is impacted by the protective guard treatment.
This does not apply to the Salamander trading brand name and the Lurch children’s shoe brand.