A well-known retailer of floors, carpets and fabrics goes bankrupt for millions

“Good taste, exclusive own brands and individual products for floors and walls meet the best service on the market. Decades of experience have shaped our company into a spatial design competence for living and commercial buildings. “We offer our partners distinctive products and aesthetic solutions of the best quality today and in the future,” it says on the company homepage. “The arte LOFT is a great 1500 m² backdrop for the presentation of high-quality floors, carpets and fabrics. The revitalized factory was transformed into a loft together with artists. Under one roof, the brands böhm, loris, Landboden, Landwand and miroo merge into one architectural one Masterpiece.”

Die LTF Landegger Warenvertriebsgesellschaft mbH based in Pottendorf-Landegg has submitted an application to the regional court in Wiener Neustadt to open restructuring proceedings with self-administration. That confirms Daniel Pfeiffer von Credit reform the COURIER. 32 employees are affected by the bankruptcy.

“The company was founded in 1989 and is engaged in the trading of floors, carpets, fabrics and wall coverings,” it continues. “The cause of bankruptcy is the collapse in sales in 2024.”

Debts and assets

The liabilities amount to around 7.2 million euros, the assets 3.8 million euros. “The company is to be continued. The 80 creditors will be offered a quota of 30 percent within two years,” it continues.