Unable to overcome the challenges posed by the COVID-19 pandemic and the energy crisis, the German HR group filed for insolvency, following the path of its previously-owned footwear retailer, Reno
The footwear retail group has applied for insolvency proceedings for nine companies at the district court in Osnabrück. Though triggered by Reno’s insolvency filing last March – as the HR Group continued to provide services to the company in the areas of IT and logistics – this decision was also due to the “still unresolved consequences of the Corona pandemic, the energy crisis and price increases, as well as by receivables arrears. The continuing reluctance of…