In Upper Austria

Bankruptcy at Depot: These stores are threatened with closure

They tried everything with a large-scale sale and many discount battles - but in the end it didn't help: the struggling home accessories chain Depot filed for bankruptcy on Thursday. 20 to 21 of the 49 stores are threatened with closure. Read here which stores in Upper Austria are trembling.

The bankruptcy proceedings filed by Depot Handels GmbH on Thursday mean an uncertain future for the 49 stores and 349 employees across Austria. What happens now? According to the owner of the German Depot parent company Gries Deco Company GmbH, Christian Gries, only 27 to 28 stores in Austria are to be continued, the rest are to be closed.

The bankruptcy proceedings will bring concrete results here; the ball is in the court of the liquidator, who must also evaluate the rescue solution that has apparently already been prepared.

According to data from Kreditschutzverband 1870, the decoration and home accessories chain operated eight branches in Upper Austria, where employees are now fearing for their continued existence: those in PlusCity in Pasching, Donaupark Mauthausen, Frunpark in Asten, SCW in Wels, SEP in Gmunden, Varena in Vöcklabruck, Weberzeile in Ried im Innkreis and MCenter in Mattighofen.