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.
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