Restructuring plan fixed
Trachten Gössl is 80 percent out of debt
Breathe a sigh of relief at Trachten Gössl! The insolvent traditional Salzburg company will continue as a going concern - the creditors have accepted the restructuring plan. They will receive a quota of 20 percent.
A landmark hearing for Gössl Gwand GmbH took place on Monday at the Salzburg Provincial Court. The future of the company was at stake - and this now seems secure. The creditors accepted the restructuring plan. Claims amounting to 920,000 euros were established in court.
The restructuring plan in detail: Gössl will pay a quota of 20 percent, spread over two years. "We are delighted that the restructuring plan has been approved. Now we can get back to our core business with full vigor," says Managing Director Maximilian Gössl. As a first measure, Gössl is launching a time-limited sales campaign in all stores, with prices of up to -50 percent on selected models.
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