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Boutiques K & L threatened bankruptcy

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.

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