Internal restructuring
Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Household Equipment In Specialised Stores
47.51 - Retail sale of textiles in specialised stores

150 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
10 September 2018
Employment effect (start)
10 September 2018
Foreseen end date
31 October 2018


The Swiss fashion chain Charles Vögele, which was declared insolvent in July 2018, will be taken over by GA Europe and announced to close 25 to 30 stores, affecting up to 200 employees.

The company belongs to Sempione Fashion group, which went bancrupt in June 2018, thereby also impacting its subsidaries. Part of the restructuring plan to deal with €25 million of debt is the closure of several stores all over Austria, starting with 15 immediate closures and further closures of 16 stores by the end of September. Altogether 31 out of 102 stores will be closed.

As of September 2018, Vögele employs 700 people.



Eurofound (2018), Charles Vögele, Internal restructuring in Austria, factsheet number 95539, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95539.