After the shoe retailer Reno filed for bankruptcy in Germany at the end of March, the company’s Austrian subsidiary, HR Group GesmbH, decided as well to file for bankruptcy
Bankruptcy proceedings were applied at the regional court in Wiener Neustadt, as talks with investors have failed to date to secure a refinancing plan. The company justified the outcome with the impact of the COVID-19 pandemic and the associated drop in sales. Press reports say that the bankruptcy involves some 2600 creditors with claims of about 12 million euros.
Based in Leobersdorf, the company operates 29 Reno stores in Austria and employs 106 people. Although the March salaries have been…