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Economy
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Legacy of Schardt GmbH Faces Insolvency
2024-11-09 09:00:09
Business
Economy

Legacy of Schardt GmbH Faces Insolvency

Schardt GmbH & Co. KG, a family-run business from Bavaria, has declared insolvency after over 80 years of operation.

Founded in 1936 by Georg Schardt as a basket manufacturing company, it transitioned to producing children's furniture in 1961. Managed by the Schardt family for four generations, the firm has faced challenges due to dwindling product demand and fierce competition.

Dr. Harald Schwartz has been appointed as the provisional insolvency administrator. Despite these setbacks, the company aims to maintain product availability at its German production sites as best as possible, reflecting a commitment to its legacy.

The press radar on this topic:

tz
9. November 2024 um 04:13

Family tradition company from Bavaria insolvent - After more than 80 years of company history

Economy
Finance
The family-owned company Schardt GmbH & Co. KG from Bavaria, founded in 1936 by Georg Schardt as a basket manufacturer and which has been producing children's furniture since 1961 and has been run in the fourth generation by Philipp and Barbara Schardt, has to file for insolvency after more than 80 years. Dr. Harald Schwartz was appointed as the provisional insolvency administrator, according to reports, a declining product demand and strong competition were the reasons. According to the infor..
Frankfurter Rundschau
9. November 2024 um 04:13

Traditional family business from Bavaria insolvent - After more than 80 years of company history

Economy
Finance
Traditional company Schardt GmbH & Co. KG from Bavaria insolvent; Company has been operating as a basket manufacturer since 1936, later children's furniture; Management in the fourth generation by Philipp and Barbara Schardt; Insolvency due to declining demand and high competition.
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