Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Depot Handels GmbH, based in Austria, has filed for insolvency at the Wiener Neustadt regional court. The insolvency affects 349 employees and around 110 creditors with liabilities totalling around €15.8 million.
The financial difficulties are attributed to delays in the supply chain, rising transport costs and significant price increases. The company, which sells home accessories, gift items and small furniture, has 48 stores nationwide, including branches in Carinthia.
The company's German parent company, Gries Deco Company GmbH, had previously filed for protection. Depot Austria is not seeking to restructure, but will have to determine whether it would be possible to continue short-term operations under a receiver.
Eurofound (2024), Depot, Bankruptcy in Austria, factsheet number 201486, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201486.