Shoe retailer CCC Germany files for bankruptcy – 65 branches affected2 min read
Shoe retailer CCC Germany files for bankruptcy – 65 branches affected
Many shops had to close in the corona lock down. This also affects the shoe retailer CCC Germany. The company has filed for bankruptcy – and wants to reorganize itself.
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Because of the corona pandemic, another retail company has filed for insolvency under self-administration: the shoe retailer CCC Germany, based in Osnabrück. CCC Germany originally belonged to the Polish CCC group, but was taken over by the HR group. This also operates the Reno shoe chain.
Actually, “economically viable follow-up or continuation solutions should be developed and implemented” for the CCC business, as stated in a press release. For example, some branches should trade as Reno or reduce their retail space. Already today almost half of the 65 branches of CCC Germany run under the name Reno.
Shops should stay open
But then came Corona. “As a result of the state-ordered lock down measures to combat the global pandemic, CCC Germany was set back in the middle of its restructuring process,” said Peter M. Wolf, Managing Director of CCC Germany, according to a press release. Even after the reopening, many shops have remained a long way from normal operations, it continues.
The company now wants to reorganize itself – and continue the restructuring process. The shops should initially remain open.
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