Insolvency shock: Germany's oldest shoe factory is fighting for survival!

Insolvency shock: Germany's oldest shoe factory is fighting for survival!

The renowned Schuhfabrik Carl Semler in Pirmasens has registered bankruptcy in self-administration, as merkur.de . The Pirmasens district court has already granted the application to open insolvency proceedings. This decision concerns a traditional company that has been the oldest in Germany since its foundation in 1863.

The reasons for this bankruptcy are diverse and include a deteriorated economic situation, a persistent recession as well as significant market changes and increased costs in the shoe industry. Such challenges are not an isolated case; Between 2008 and 2023, numerous bankruptcies were documented in the industry, which underlines the precarious situation of the companies, as shown in a statistics of Statista

effects of bankruptcy

A total of 250 employees are affected by bankruptcy. Your salaries for the months of January, February and March are secured by bankruptcy money. The management of the company has kept control during the renovation process. This means that those responsible can continue to work on the strategic orientation of the factory, while external support from renovation experts Lukas Eisenhuth and provisional administrator Dennis Blank are available.

The shoe factory currently produces around 1,000 pairs of women's shoes per day and plans to maintain this course in the future. The goal of the management and the commissioned experts is clear: to secure as many jobs as possible. However, the Pirmasens region, known for its impressive shoe manufacturers in the 19th and 20th centuries, is once again faced with major changes, such as Rheinpfalz.de

The coming months will be crucial for whether Carl Semler survives the crisis and can successfully position itself in competition. The reputation and long tradition of the factory are put to the test while it has to face the challenges of the modern market.