Jens Bächle

A year ago, the CFO had bought the company.

(Photo: obs)

WeilheimThe fashion chain K & L threatens bankruptcy. The management has applied to the district court Weilheim a protective screen, as the company announced on Wednesday. The salaries of the 1200 employees are secured until the end of the year.

A protective screen procedure is in the insolvency order a renovation in own direction. A year ago, CFO Jens Bächle had bought the company, now obviously the money is missing. K & L currently operates 57 branches in southern Germany and generated sales of around 116 million euros in 2017. September was "a disaster" in the market as a whole, Bächle said.

,

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.