Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Traditional business Hausmann is insolvent again
September 25, 2020
The traditional Austrian company Hausmann is again insolvent. For the second time in just a few years, Hausmann, a specialist store from St. Pölten specializing in leather, toys and paper, is fearing for its existence. Georg Hausmann KG was already in insolvency proceedings in 2017, which were concluded with a restructuring plan. This time, Hausmann is to be restructured and continued. The company cited the lockdown and a change in consumer behavior as the reasons for the renewed insolvency.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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