19/10/2009 No agreement on factoring in January 2010 - insolvency and creditors' committee can see no alternative to liquidation source of Germany - for other companies to implement without delay an independent sales processes
Food / feet rth, 19 October 2009
The liquidator of the companies in Arcandor group, Dr. Klaus Hubert Görg, has the creditors' committee informed that the sales efforts for withholding Germany were unsuccessful. A major reason was that the need for adoption of the agreement on merchant shipping factoring from 1 January 2010 could not be achieved. After 15 intense negotiations with a number of investors see the trustee as the creditors' committee is now no alternative source for the settlement of Germany more.
"The delivery or mail order work without a solid installment payment systems are not funded," said Dr. Jorg Nerlich, Representative of the liquidators for the Primondo composite. "Therefore, bidders have ruled in their offerings, the business activities of the source of Germany."
We have in the past four months, done everything in our power to continue the Primondo composite, rehabilitate and sell it & ldquo ; said Görg. "The issue Factoring from the beginning was the greatest challenge and trigger the continuation of planning still in the process investors adapt."
source of the request could be continued for the opening of insolvency proceedings , because the banks had granted after careful consideration of future prospects and satisfaction a mass credit as additional security in the amount of 50 million € and a plausible continuation concept was confirmed by an independent consulting firm. The ongoing public debate about the factoring was confusion among customers by source, however, Görg. Therefore, all bidders had every interest in the Primondo composite immediately transferred to a secured factoring in time to the end of October 2009, the Action chain for Frühjahr/Sommer 2010 und das laufende Geschäftsjahr eigenverantwortlich anstoßen zu können.
„Ich werde am Dienstagnachmittag die Mitarbeiterinnen und Mitarbeiter in Nürnberg gemeinsam mit Dr. Nerlich darüber informieren, was die Abwicklung der Quelle Deutschland für sie selbst und für das Unternehmen bedeutet“, so Görg. Anschließend erst wolle er den Medien zur Verfügung stehen.
Das gesunde Auslandsgeschäft von Quelle versand werde nun unverzüglich in einem eigenständigen Verkaufsprozess veräußert. Die internationalen Gesellschaften verfügen nach wie vor über stabiles Geschäft und sind solide, stabile und zuverlässige Partner – bei Kunden wie bei Lieferanten. Gleiches gelte für HSE 24. Görg versicherte, dass Quelle Deutschland im Rahmen einer Abwicklung die notwendigen Prozesse wo immer möglich aufrecht erhalten werde.
Die Spezialversender werden ihr Geschäft autark weiter führen.
Arcandor hatte am 9. Juni 2009 Antrag auf Eröffnung von Insolvenzverfahren gestellt, am 1. September 2009 eröffnete das Amtsgericht Essen als zuständiges Insolvenzgericht die Insolvenzverfahren of the assets of Arcandor AG and another 36 companies of the group and appointed Dr. Klaus Hubert Görg receiver of these procedures. During the bankruptcy proceedings
had Görg as provisional liquidator on 13th August 2009, the gross recovery plan for the Primondo composite presented. This saw the task of selling the land - the closure of the source technology center and the reduction of source-shops by about a third - before. Part of this restructuring plan was a staff reduction of 10,500 to just 7,000 jobs up to January 2010th By the end of September 2009, approximately 600 employees were terminated, 2,500 employees were balancing of interests and social plan negotiated. During the intense negotiations required all bidders to abandon the area completely distribution. In accordance with the already planned personnel measures had to be revised and adjusted in the short term. The creditors' meeting held on 11 November 2009 in Essen.
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