Family Business “Gero Mure” Files for Bankruptcy
The Mannheim-based family business ”Gero Mure” has filed for bankruptcy. Despite the financial difficulties, business operations continue.
The Mannheim family business ”Gero Mure” has filed for bankruptcy, as reported by the SWR and other sources, citing the appointed insolvency administrator. However, business operations at the six stores in Mannheim, Heidelberg, Karlsruhe, and Baden-Baden are “continuing without restrictions,” according to a statement.
The insolvency administrator further explained that the wages and salaries of the 40 employees were secured through the insolvency benefit of the Federal Employment Agency until the end of September. She is working to stabilize business operations and find a future solution for the company.
The owner of “Gero Mure”, Alexander Seppel, attributed the insolvency to the consequences of the corona pandemic, increased material prices, and customer reluctance. He also mentioned the growing online trade as a factor negatively impacting sales. Seppel emphasized that these factors, together, had caused the financial difficulties of the more than 40-year-old company.