Shoe retailer Reno now also insolvent in Switzerland
Following its closure in Germany and Austria, the Reno shoe chain has also filed for insolvency in Switzerland. However, it is still unclear what will happen to the 16 stores.
The Swiss Reno Schuh AG, subsidiary of the German Reno Schuhcentrum GmbH, has filed for insolvency in Zug, according to its own information. Currently, the company is in consultation with a specialist, says Dieter Metz, managing director of finance. The shoe retailer Reno had already filed for insolvency in Germany at the end of March. At that time, the subsidiary in Switzerland was not affected. "Now we first have to get an overview of everything," says Metz.
The decisive factor was undelivered goods. "Logically, as a result, we had empty shelves and thus a lack of sales," says Metz. But the company also had to contend with a significant drop in purchasing behavior in the stationary retail sector, rising energy costs, inflation and the impact of the Ukraine war on the global economy.
In Switzerland, the company currently operates 16 stores and employs a total of 65 people. It was only in the fall of 2022 that Reno owner HR Group sold the store business to CM Sports GmbH. (aw)
