Insolvency shock: hardware store chain Smart in Dresden!
Insolvency shock: hardware store chain Smart in Dresden!
In a surprising turn of the events, the group Brüder Schlau GmbH & Co KG has registered bankruptcy in -house. This also affects the two branches of the hardware store chain in Dresden, one in Friedrichstadt and one in Seidnitz. Registration took place at the district court in Bielefeld, and around 3,900 employees across Germany are affected by bankruptcy, including the employees of the Dresden locations. As a general representative, Yorck Streitbörger, an experienced lawyer from Bielefeld, was appointed to advance the renovation of the company. Dirk Andres acts as a provisional administrator.
The brothers Gauer Group is not an unknown name: in 1921 in Minden as a color -large act of the brothers Theodor and Wilhelm Schlau, the company has developed into an important player in the construction industry over the years. With more than 180 hammer branches for interior equipment and home textiles as well as around 60 craftsman markets under the brand, the company is deeply rooted in German retail. The first hammer markets were opened in Bremerhaven and Lübbecke in 1976 and are still very popular.
renovation and continuation of business operations
Despite the bankruptcy, there is a Lichtblick: the business operations should be continued without interruption. All branches remain open and customers can handle their orders as usual. In addition, the salaries of employees up to and including August are secured by the bankruptcy money of the Federal Employment Agency, which offers employees a certain level of security. An already present financing concept is intended to help the company sustainably draw up for the future.
The bankruptcy is a painful setback for many employees. According to Statista, there were around 110,200 bankruptcies in Germany in 2023, with a clear increase in corporate insolvencies. The service sector is most affected, and entrepreneurial difficulties seem to be gaining weight in recent years.
a challenging market
The situation of the brothers Gauer Group is not unique. The market is currently facing a wide range of challenges that affect both established companies and new start -ups. The increase in bankruptcy is accompanied by financial setbacks that have caused an estimated 56 billion euros in damage from insolvent companies in 2024. With this development in mind, the challenge for the brothers Gauer Group to successfully renovate business operations is all the more clear.
It remains to be seen whether the measures can take effect and the company can work out of the crisis. For the employees of the two Dresden branches, it is hoped that a positive turn will come that both secure the workplace and ensure the continuity of the company. An important moment for the hardware store landscape in Dresden, which shows how quickly the situation can change.
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Ort | Dresden-Friedrichstadt, Deutschland |
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