Austria: 29 of the 49 branches will be continued

The reporting and audit meeting in the insolvency proceedings of Deco-Kette Deport Handels GmbH (349 employees) is taking place today. At the beginning of September, Masseverwaterin concluded a purchase agreement with the newly founded Gries Deco GmbH and the German Gries Deco Company GmbH led by Christian Gries. The latter company is the previous sole shareholder of the insolvent Depot Handels GmbH.

Gries Deco takes over the merchandise and 29 of the 49 branches. The Gries Deco Company takes over the operating and office equipment of the branches taken over.

A total of 113 employment relationships were terminated; the remaining 236 employees are to be employed by Gries Deco GmbH.

When the bankruptcy was opened, the liabilities were stated at 15.849 million euros, of which 8.132 million euros were attributable to affiliated companies. So far, only 1.352 million euros in claims have been registered.

The following company areas are ordered to be closed:

Bischofshofen EKZ Karo Depot
Wels Shopping City Depot
Liezen ELI EKZ Depot
St. Pölten EKZ Depot
Mattighofen, MCenter Depot
Leoben City Shopping
Baden
Vienna main station
Vienna Westbahnhof
Milk
Vienna Marialhilfer Street
Vienna Danube EKZ
Asten
Oberwart
Hartberg
Vösendorf

Eugendorf
Gleisdorf
Spittal ad Drau
Völs CYTA