The company sells “fast fashion” clothing under the Pimkie brand in 13 branches in Austria.
“Restructuring measures began in the entire DIRAMODE Group at the end of 2017. In the course of this, branches were continuously closed. Due to the COVID-19 pandemic, however, there was a massive drop in sales in all branches, ”quoted KSV1870 from the bankruptcy petition.
We're talking about PMA Modehandels GmbH. She has filed for bankruptcy at the Vienna Commercial Court.
The company sells “fast fashion” clothing under the Pimkie brand in 13 branches in Austria. According to Creditreform, 76 employees are affected by the bankruptcy. The liabilities are put at around 2.35 million euros.
“The debtor's application expressly states that the branch in 6300 Wörgl, Bahnhofstrasse 25 will be terminated on March 14, 2021 and the branch in 1220 Vienna, Wagramerstraße 94 (Donauzentrum) on March 31, 2021,” it continues. “The administrative activities are carried out via the German sister company (Framode GmbH), whose assets are in self-administration pending insolvency proceedings in Germany.”
In addition, according to the AKV, “in July 2020 DIRAMODE SAS unilaterally terminated a transfer pricing agreement with PMA Modehandels GmbH, so that no loss compensation would take place on December 31, 2020. The shareholder is DIRAMODE SAS (France) .
