A German office furniture retailer has entered preliminary insolvency proceedings, with business continuing at its Munich, Frankfurt and Hamburg locations. The Munich Local Court appointed restructuring specialist Dr Florian Linkert as provisional insolvency administrator on August 4.
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The company, Müller Office Furniture’s, approximately 30 employees are protected by insolvency benefits through September. Müller generated around €3.5 million in sales during the previous financial year but has faced financial pressure from weak investment in the office furniture market, changing workplace…