Schlecker´s Financial Situation Becomes Critical

Business › n.a. ♦ Published: July 25, 2012; 19:16 ♦ (Vindobona)

Schlecker Austria, the subsidiary of the insolvent German chemist chain, is becoming more and more problematic. The liquidity is said to be used up in a few days.

Schlecker´s Financial Situation Becomes Critical / Picture: © Schlecker

Schlecker Austria is highly endangered of becoming insolvent too. After the bankruptcy of the German holding company, the receivables for Schlecker Austria are worthless. In total, € 174m must be written down. Insiders say that Schlecker Austria has almost no liquidity anymore.

What is more, the sale of Schlecker Austria shows no progress at all. The time pressure grows for the…

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