{"id":88315,"date":"2024-11-19T05:34:27","date_gmt":"2024-11-19T05:34:27","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/kika-leiner-furniture-chain-insolvent-again\/"},"modified":"2025-09-19T09:03:10","modified_gmt":"2025-09-19T09:03:10","slug":"kika-leiner-furniture-chain-insolvent-again","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/kika-leiner-furniture-chain-insolvent-again\/","title":{"rendered":"Kika\/Leiner furniture chain insolvent again"},"content":{"rendered":"

Austrian furniture chain Kika\/Leiner has again applied for bankruptcy after an attempt at restructuring failed<\/span>, a spokeswoman announced from company headquarters in St Polten on Tuesday.<\/p>\n

Up to its sale in 2023, the company belonged to the Signa Group of investor Ren\u00e9 Benko, which is also insolvent.<\/p>\n

Restrained consumer demand and an increase in costs over the past two years had turned saving the company into an insurmountable task, a company statement said.<\/p>\n

It added that the administrator would take further decisions on the future of the company and its staff of 1,400.<\/p>\n

Until a few years ago, Kika\/Leiner maintained 40 outlets in Austria. In June last year, the Signa Group sold the business operations to former manager Hermann Wieser.<\/p>\n

Shortly afterwards, Wieser announced that 1,900 of 3,900 workers would be let go and 23 of the 40 outlets shut down. He also announced insolvency proceedings.<\/p>\n

Signa sold the properties to the Supernova Group of German businessman Frank Albert.<\/p>","protected":false},"excerpt":{"rendered":"

Austrian furniture chain Kika\/Leiner has again applied for bankruptcy after an attempt at restructuring failed, a spokeswoman announced from company headquarters in St Polten on Tuesday. 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