No Future for Schlecker

Business › n.a. ♦ Published: June 1, 2012; 14:51 ♦ (Vindobona)

The insolvent German chemist chain will be closed. Fort he Austrian subsidiary, the search for a buyer goes on.

No Future for Schlecker / Picture: © Schlecker

For potential investors, the offer by the owner family was not acceptable. In Germany, 14,300 employees will lose their jobs. The creditors approved to dissolve the company as they do not see any „perspective to continue the business or the sell the group to an investor.“ Besides the U.S. investor Nicholas Berggruen, the U.S. investment fund Cerberus was a potential…

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