Trade – shoe retailer HR is insolvent – economy

The shoe retailer HR Group, the former parent company of the ailing chain Reno, has filed for nine German companies to open insolvency proceedings. The company announced that restructuring expert and lawyer Christian Gerloff had been appointed provisional insolvency administrator. The HR Group is one of the leading European retail groups in the shoe market and operates a logistics division. The search for an investor came to a halt after Reno went bankrupt. The HR Group was struggling with the slump in consumption and the Corona crisis. Foreign subsidiaries are not directly affected.

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