ARO home textiles

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Michael A. Roth Holding GmbH & Co. KG

logo
legal form GmbH
founding 1956
resolution 2016
Reason for dissolution insolvency
Seat Nuremberg , Germany
management Michael A. Roth
Number of employees 662 (previous year 804)
sales € 56.6 million (PY: 71.3 million)
Branch Home textiles; trade
Website www.aro.de
Status: February 28, 2010

The Michael A. Roth Holding GmbH & Co. KG was the dominant company of ARO Heimtextilien GmbH , a German specialist retail chain for carpets, rugs, floor coverings and wallpapers in Germany. The company's headquarters were in Nuremberg .

Structures

Michael A. Roth Holding GmbH & Co. KG consolidates the following companies.

  • ARO Holding GmbH, Nuremberg
  • ARO Heimtextilien GmbH, Nuremberg
  • NEODON - Werke - Bodenbeläge GmbH, Krumbach

Company history

The company is named after the company's founder and owner Michael A. Roth . He began trading floor coverings in 1956 in Demantsfürth, Central Franconia ( Neustadt / Aisch district ), which he delivered in his own vehicle. Four years later he set up the first store with a warehouse in the village.

The continuous growth in the following years was followed in 1972 by the relocation of the headquarters to the north of Nuremberg and the construction of a warehouse for the logistical supply of the branches, especially in northern Bavaria.

Since 1975, NEODON-Werke-Bodenbeläge GmbH in the Swabian town of Krumbach (district of Günzburg ), which has been in existence since 1963, has also had its own carpet production facility. In the 1980s and 1990s, the branch network grew to over 100 branches, mainly in Northern Bavaria and Baden-Württemberg. The company has now also expanded to southern Bavaria and Hesse and also has individual branches in North Rhine-Westphalia, Rhineland-Palatinate and Saarland.

In addition to floor coverings of all kinds, the product range also includes wallpapers and curtains and the respective accessories. Sales were over € 100 million. In 2008, due to the generally poor economic situation, this value fell below this level for the first time and cost-cutting measures were initiated. The number of branches was reduced and the number of employees dropped to around 800 at the beginning of 2009.

The crisis continued in the following years and in 2012 sales were only around € 50 million with 86 branches and 480 employees. In August 2013, the company applied for protective shield proceedings and thus a three-month grace period for creditors . A bankruptcy plan was filed one month before the deadline . The number and size of branches should continue to decrease. In addition, a quarter of employees should be laid off. ARO successfully completed the protective shield procedure in April 2014. Above all, the high rental costs have been cut significantly by more than half through closings and a reduction in the average sales area. Around 300 employees in 60 branches stayed with the company.

However, at the end of August 2015, ARO filed for bankruptcy again. Remaining stock was sold in four branches until the end of the year.

Others

Company founder and owner Michael A. Roth, who was still in charge of the GmbH at the age of 70, was awarded the Federal Cross of Merit in 2002 for his entrepreneurial lifetime achievement .

Individual evidence

  1. ↑ a b c consolidated financial statements of Michael A. Roth Holding GmbH & Co. KG for the financial year from March 1, 2009 to February 28, 2010 in the electronic Federal Gazette, accessed on February 14, 2012
  2. ↑ a b c d e f g There is no comprehensible evidence for this statement.
  3. ^ "Aro-Chef Roth on austerity course", Nürnberger Nachrichten, February 24, 2009
  4. ↑ http://www.br.de/nachrichten/mittelfranken/aro-textilien-glaeubigerschutz-100.html ( Memento from September 26, 2013 in the Internet Archive )
  5. ↑ Protective shield proceedings ARO Heimtextilien: “It was definitely worth it!” , Insolvency Blog, Hans-Ulrich Thümmel, June 20, 2014
  6. ↑ Successful renovation: Aro wants to start again , nordbayern.de, February 27, 2014
  7. ↑ Broke again: ARO files for bankruptcy again ( Memento from August 30, 2015 in the Internet Archive ) (Bayerischer Rundfunk on BR.de; as of August 27, 2015)
  8. ↑ Out for ARO - last possible investor dropped out. ( Memento of November 17, 2015 in the Internet Archive ) October 30, 2015, accessed on November 15, 2015

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